SENSEX falls 114 points, NIFTY50 ends on a flat note; Hindustan Unilever, TCS among top losers

The Indian equity benchmarks ended on a flat note with a negative bas on Thursday, May 7, dragged down by losses in index heavyweights like Hindustan Unilever, Tata Consultancy Services, ITC, Reliance Industries, Bajaj Finance and Sun Pharma. However, the downside was capped owing to buying interest in stocks like Mahindra & Mahindra, Kotak Mahindra Bank, NTPC, Larsen & Toubro and Eternal.

The SENSEX ended 114 points lower at 77,844.52 and NIFTY50 index declined 4 points to close at 24,326.65.

Crude oil prices in international markets dropped below $100 per barrel after reports suggested that Iran and United States are close to an agreement to end war and reopen the Strait of Hormuz.

Markets in Asia ended higher with China's Shanghai Composite rising 0.5%, Hong Kong's Hang Seng advanced 1.6% and Japan's Nikkei climbed 6%.

Back home, most of the sector gauges compiled by the National Stock Exchange (NSE) ended higher led by the NIFTY Auto index's nearly 2% gain. NIFTY Bank, Financial Services, Metal, Private Bank and Realty indices also rose between 0.2% and 0.5%.

On the flip side, consumer durables, oil & gas, IT and FMCG shares faced selling pressure.

Broader markets outperformed their larger peers as NIFTY Midcap 100 index rose 1.1% to end at record high of 61,658.90 and during the session it touched an all-time high of 62,094.40 after a period of more than two years. NIFTY Smallcap 100 index also ended 0.87% higher.

Among the individual shares, Craftsman Automation jumped as much as 13% to hit an intraday high of ₹8,780 after its net profit in March quarter jumped 73% to ₹116 crore from ₹67 crore in the same period last year.

Its revenue from operations advanced 27% to ₹2,226 crore as against ₹1,749 crore in the year-ago period.

Shares of Godrej Industries were locked in a 20% upper circuit at ₹1,227 amid spike in trading activity.

Aptus Value Housing Finance surged as much as 10% to ₹293.75 after its assets under management at the end of March 2026 came in at ₹`13,107 crore, up 21% annually.

Disbursements in Q4 FY26 were at ₹1,242 crore, growth of 17% Y-o-Y. FY26 disbursements were at ₹4,009 crore, registering a growth of 11% Y-o-Y.

Hindustan Unilever was top loser in the NIFTY50 index, the stock fell 1.9% to close at ₹2,273. TCS, Titan, Tech Mahindra, ITC, Sun Pharma, Coal India, Wipro and Adani Enterprises also fell between 0.8% and 1.33%.

On the other hand, HDFC Life, Bajaj Auto, Mahindra & Mahindra, Grasim, NTPC, Apollo Hospitals and Hindalco were top gainers in the NIFTY50 index.

The overall market breadth was positive as 2,290 shares ended higher while 999 closed lower on the NSE.