Sensex & Nifty Live Updates May 9: Benchmark Indices Drop Over 1% in Volatile Session

Indian equity markets closed lower on Thursday, with the Nifty 50 and Sensex both shedding 1.10% amid broad-based profit booking, despite upbeat cues from global peers. While Titan, and L&T topped the gainers’ list on the back of strong earnings, heavyweights like ICICI Bank and Power Grid dragged the indices down. Global markets, including Nikkei and European indices, traded in the green, but domestic sentiment remained cautious. 

Invest in Indian markets and unlock future potential with 5paisa!

Open Account Now

Stock Market Highlights, May 9:

• Indices Drop Despite Global Strength: Indian markets witnessed sharp profit booking as both the Nifty 50 and Sensex fell by 1.10%, closing at 24,008.00 and 79,454.47 respectively. 
• Titan, Tata Motors Lead Gainers: Among the top performers, Titan Company surged 4.18% following strong quarterly results, while Tata Motors and L&T rose 3.76% and 3.61% respectively. Hero Motocorp also gained 1.41%.
• Banking & Utilities Drag Market: On the flip side, ICICI Bank led the losers with a 3.25% decline, followed by Power Grid Corp (-2.90%) and Grasim (-2.37%). Broader market weakness was evident in financial and infrastructure-related stocks.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

US Markets Live Today

*As of 15:36 IST

Gold Price Today

Gold prices today have decreased considerably today. 22K gold is currently priced at ₹9,015 per gram and 24K gold is at ₹9,835 per gram.

Silver Price Today

Silver prices today have witnessed no change today, remaining stable at ₹99.00 per gram. 

Sensex & Nifty: Afternoon Update:

*As of 12:41 IST

Key Factors Impacting INR Today:

• Rupee Weakens Against USD: USD/INR jumped 0.64%, indicating rupee pressure despite a slight dip in the Dollar Index (-0.17%), suggesting domestic factors may be driving the weakness.
• Mixed Performance Across Major Currencies: The rupee lost ground against the euro (+0.18%) and yen (+0.53%), while strengthening notably against the pound (-0.59%), reflecting varied demand across currency pairs.
• Volatility Likely to Persist: The sharp intraday moves, especially in USD/INR and JPY/INR, point to ongoing volatility, potentially influenced by trade flows and geopolitical cues.
   

Currency Market Overview:

*As of 12:39 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and business updates.

L&T

Engineering and infrastructure conglomerate Larsen & Toubro (L&T) posted a 25% year-on-year rise in consolidated net profit, reaching ₹5,497 crore for the quarter ending March 31, 2025. The growth was primarily driven by a strong uptick in revenue.

Britannia Industries

Britannia reported a 4.2% increase in net profit for Q4FY25, coming in at ₹559.1 crore. The FMCG giant also saw an 8.9% jump in revenue to ₹4,432.2 crore for the quarter. Additionally, the board recommended a final dividend of ₹75 per share.

Biocon

Biocon announced a sharp rise in its consolidated net profit, which more than doubled to ₹344 crore in the March 2025 quarter. This strong performance was supported by healthy sales across its various business segments. In comparison, the biotech firm had reported ₹136 crore in profit during the same quarter last year.

Titan Company

Tata Group’s Titan Company posted a 13% growth in consolidated net profit for the March quarter, reaching ₹871 crore. The performance was bolstered by robust sales across key product categories.

Adani Power & Adani Green Energy

The Adani Group has entered into an MoU with Bhutan’s Druk Green Power Corporation (DGPC) to collaborate on the development of 5,000 MW of hydropower projects in the country, marking a major step in cross-border renewable energy expansion.

Stock Market Outlook for Today:

• Weak Opening Despite Positive Global Cues - Despite overnight gains in the US (Nasdaq +1.07%, Dow +0.62%) and strength in Asian peers like Nikkei (+1.40%), the Nifty 50 opened sharply lower at 23,935.75 — down 1.39% from its previous close — suggesting potential caution among domestic investors.
• F&O Data Signals Bearish Bias - A low Put-Call Ratio (PCR) for both Nifty (0.91) and Bank Nifty (0.78) indicates a potential higher call writing and a bearish undertone. Max pain levels at 24,200 (Nifty) and 54,300 (Bank Nifty) suggest limited upside unless sentiment shifts.
• Mixed Institutional Flows May Add Volatility - While Foreign Institutional Investors (FIIs) were net buyers at ₹2,008 crore, Domestic Institutional Investors (DIIs) turned sellers with ₹596.2 crore outflow. This divergence may result in choppy intraday moves.

Indian Stock Market Recap: May 8

Indian stock markets ended in the red after a brief positive run. The Nifty 50 declined by 0.58% to close at 24,273.80, while the Sensex fell by 0.51%, settling at 80,334.81.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 2008
Domestic Institutional Investors (DIIs) Net Buy/Sell : -596.2

*As of 09:32 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.