On May 8, 2026, the benchmark indices Sensex and Nifty 50 continued their downward trend, closing at 77,328.19 and 24,176.15, respectively, primarily due to weakness in banking and financial stocks. Despite this, the broader market remained resilient, with the BSE 150 Midcap index only slipping 0.05%. Ganesh Dongre from Anand Rathi noted that investor sentiment is cautiously optimistic, driven by ongoing geopolitical discussions between the United States and Iran. He emphasized the importance of monitoring these developments as they could significantly influence market direction. Dongre highlighted that the Nifty 50 is trading near the critical 24,600–24,800 range, with immediate support at 23,500–23,800 and resistance at 24,800–25,000. He recommended three stocks for investors: Emcure Pharmaceuticals, Kfin Technologies, and Mazagon Dock Shipbuilders, each with specific buy prices, target prices, and stop-loss levels. The Bank Nifty also showed modest gains, closing near 55,310, with resistance in the 56,500–57,000 range.