On May 8, Indian stock markets faced pressure, with the Nifty 50 index declining 0.55% to close at 24,193 and the Sensex falling 0.67% to 77,321. This decline was attributed to renewed geopolitical tensions following reported clashes between US and Iranian forces near the Strait of Hormuz, which also saw Brent crude futures rise above $100 per barrel. Major losers included State Bank of India, whose shares fell 6.7% to ₹1,018 after reporting disappointing quarterly results, and Britannia Industries, which dropped 5% to ₹5,516. Other notable losers were CCL Products and Urban Company, both experiencing significant declines. Conversely, Firstsource Solutions led the gainers with a 16.6% increase to ₹274, driven by renewed buying interest, while Thermax shares rose 12% due to better-than-expected performance. The broader market reflected mixed results, with small-cap stocks showing slight gains.