Finance
Stock Market Close Highlights, Thursday, May 8, 2025:
Indian equities benchmark indexes fell on Thursday as tensions between India and Pakistan rose after the Ministry of Defence stated that as part of Operation Sindoor, Indian Forces neutralized air defense radars and ancillary systems in multiple sites in Pakistan.
The BSE Sensex ended at 80,334.81, down 411.97 points, or 0.51 percent. The NSE Nifty50 lost 140.60 points, or 0.58 percent, to settle at 24,273.80.
The broader markets also saw substantial drops, with the Nifty Midcap100 index falling 1.95% and the Nifty Smallcap 100 falling 1.43%.
Except for Nifty IT and media, all other sectoral indices closed in the red, including auto, energy, FMCG, realty, metal, and pharmaceutical. Oil and gas and consumer durables are down by more than 1% each. Nifty Metal was the biggest loser among sectors, losing 2.09 percent.
26 of the 30 Sensex constituents ended up losing money. Top laggards included Eternal (previously Zomato), which fell 3.97 percent, Mahindra & Mahindra (-3.36 percent), Bajaj Finance (-2.19 percent), Maruti Suzuki (-2.04%), and Tata Steel (-1.98%). Axis Bank gained 0.7%, followed by HCL Tech (0.67%), Kotak Mahindra Bank (0.33%), and Titan (0.21%).
Meanwhile, the India VIX, which measures market volatility, jumped 9.41 percent to 22.43 points.
Source: BS
