On May 8, 2026, the Indian stock market experienced volatility, with the Nifty 50 index closing at 24,326, down slightly from the previous session. The BSE Sensex fell by 114 points to 77,844, while the Bank Nifty gained 66 points, closing at 56,047. The market's mixed performance was influenced by fluctuations in crude oil prices, which rose due to renewed tensions between the US and Iran. Analysts predict a gap-down opening for the Nifty 50, which is currently trading lower on the Gift Nifty live chart, hovering around 24,295. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, maintains a cautiously positive outlook for the market, emphasizing the importance of sustaining above the 24,000 support level. She has recommended three stocks for investors: IEX with a buy price of ₹132 and a target of ₹138, KEC International at ₹600 with a target of ₹625, and Sula Vineyards at ₹175 with a target of ₹185. Investors are advised to exercise caution and consult certified experts before making investment decisions.