On May 7, 2026, the Indian stock market saw a robust performance, with the Nifty 50 index soaring 298 points to close at 24,330 and the BSE Sensex climbing 940 points to finish at 77,958. The Bank Nifty also showed impressive gains, increasing by 1,434 points to close at 55,981. The rally was broad-based, particularly in banking, financials, and real estate sectors, while energy and fast-moving consumer goods (FMCG) remained subdued. The Gift Nifty live chart indicates a muted opening for the next trading day, suggesting a potential loss of over 75 points. Analysts expect the market to maintain an upward trend as long as it trades above critical support levels. Recommendations for intraday trading include stocks such as HDFC Bank, Ashok Leyland, and Union Bank of India, with specific buy targets and stop-loss levels outlined by various analysts. Additionally, easing crude oil prices have contributed to a positive market sentiment, reflecting improved risk appetite among investors.