Indian Equity Markets Experience Moderate Losses Amid Mixed Sector Performance
Barometers nudge lower; Nifty trades below 24,250 mark
Business Standard
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The Indian equity benchmarks faced moderate losses in early trading, with the Nifty 50 index falling below the 24,250 mark. While oil, gas, and banking stocks saw buying interest, IT, chemical, and healthcare sectors declined. Foreign portfolio investors sold shares worth ₹340.89 crore, contrasting with domestic institutional investors who bought ₹441.07 crore.
- 01Nifty 50 index fell by 94.40 points, settling at 24,229.40.
- 02S&P BSE Sensex declined by 307.36 points to 77,536.89.
- 03Foreign portfolio investors sold shares worth ₹340.89 crore.
- 04Domestic institutional investors were net buyers of ₹441.07 crore.
- 05Brent crude oil prices rose by $1.05 to $101.11 per barrel.
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In early trading, the Indian equity benchmarks reported moderate losses, with the Nifty 50 index dropping 94.40 points to 24,229.40 and the S&P BSE Sensex declining 307.36 points to 77,536.89. The market showed mixed performance across sectors, with oil and gas, as well as private banking stocks, attracting buying interest, while IT, chemical, and healthcare shares faced declines. The broader market outperformed the frontline indices, with the BSE 150 MidCap Index increasing by 0.09% and the BSE 250 SmallCap Index rising by 0.46%. Foreign portfolio investors (FPIs) sold shares worth ₹340.89 crore, while domestic institutional investors (DIIs) were net buyers at ₹441.07 crore on May 7, 2026. In the commodities market, Brent crude oil prices gained $1.05, reaching $101.11 per barrel, reflecting global market trends amid rising tensions between the U.S. and Iran.
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The decline in the equity markets may affect investor sentiment and could lead to cautious trading in the coming days, impacting individual investors and traders.
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