Indian Stock Market Today | Indian benchmark indices ended lower on Friday, 7 August 2026, as heavy selling in financial stocks and a rebound in crude-oil prices outweighed strong gains across auto, IT and metal counters. The Sensex and Nifty snapped their recent winning momentum, while broader markets remained relatively resilient.

At the Closing Bell:

• BSE Sensex: Fell 455.59 points to close at 78,499.17 (-0.58%)
• Nifty 50: Declined 65.35 points to settle at 24,570.65 (-0.27%)
• Bank Nifty: Dropped 317.20 points to close at 57,746.45 (-0.55%)

Why Did the Indian Stock Market Move Today?

Financial Stocks Dragged the Benchmarks

Financial Services was the weakest major sector, falling 1.48%, as Bajaj Finance, Bajaj Finserv and other financial heavyweights came under selling pressure.

The weakness followed the RBI's draft proposal on revolving-credit facilities for NBFCs, which raised concerns over potential restrictions on products such as flexible and revolving loans. Bajaj Finance, which has significant exposure to such lending products, was particularly impacted.

Crude-Oil Prices Rebounded

The supportive crude-oil environment seen in the previous session reversed as Brent crude climbed back above the $83–85-per-barrel region amid renewed uncertainty surrounding the Strait of Hormuz.

Higher crude prices are generally negative for India because they can increase the country's import bill, add inflationary pressure and weigh on corporate margins.

Closing Auction Session Volatility Eased Sharply

Unlike the sharp closing-price distortions witnessed earlier in the week, the Closing Auction Session (CAS) created relatively limited movement on Friday.

At 3:15 PM, the Sensex stood near 78,491, compared with its official closing level of 78,499.17. Similarly, the Nifty moved from around 24,557 at the end of continuous trading to 24,570.65 after the closing auction. This marked a significant reduction in CAS-related volatility.

Auto Stocks Outperformed

Auto emerged as the strongest major sector, gaining 1.84% and touching record levels during the session.

Buying was supported by strong stock-specific earnings. Hero MotoCorp advanced after reporting a 29% rise in June-quarter profit, while Samvardhana Motherson International surged more than 8%, providing further support to the sector.

IT and Metal Stocks Provided Support

Technology stocks witnessed renewed buying, with the IT index gaining 1.42%. TCS led the Nifty gainers with a rise of more than 3%, while other major IT stocks also finished higher.

Metal stocks gained 0.50%, helped by strong buying in Hindalco. The company reported a record quarterly consolidated profit of approximately ₹7,013 crore, up 75% YoY, while revenue increased 32%.

Broader Markets Ended Mixed

The broader market remained comparatively resilient despite weakness in the frontline indices.

The Nifty Midcap 100 gained around 0.22%, while the Nifty Smallcap 100 slipped around 0.05%. Both indices had touched fresh all-time highs during the week, indicating continued stock-specific buying outside the large-cap universe.

India VIX Remained Near the 12 Mark

India VIX continued to hover around the 12 level, suggesting that overall market volatility expectations remained relatively contained despite weakness in the benchmarks and renewed concerns over crude-oil prices.

Market Overview – Sector & Stock Action Summary

Indian benchmark indices ended Friday's session in negative territory, with the Sensex losing nearly 456 points, the Nifty slipping below 24,600 and Bank Nifty falling over 300 points.

Financial stocks were the biggest drag following concerns surrounding the RBI's proposed NBFC revolving-credit restrictions, while rising crude-oil prices added pressure to sentiment. Auto and IT stocks, however, witnessed strong buying and helped limit the decline.

TCS, Grasim Industries and Hindalco were the leading Nifty gainers, while Bajaj Finance, Bajaj Finserv and Trent were among the biggest losers.

Broader markets remained mixed, with mid-cap stocks outperforming while small caps ended almost flat.

Key Sector Performance Snapshot

• Auto: +1.84% → Strongest-performing sector, supported by strong earnings-led buying and gains across major automobile companies.
• IT: +1.42% → Advanced sharply as TCS and other large technology stocks witnessed renewed buying.
• Metal: +0.50% → Ended higher, supported by Hindalco and selective buying across metal counters.
• Energy: +0.17% → Closed marginally higher despite the rebound in global crude-oil prices.
• FMCG: +0.13% → Registered modest gains amid defensive buying.
• Pharma: -0.09% → Ended almost unchanged following a largely range-bound session.
• Realty: -0.10% → Closed marginally lower as selective profit-booking continued.
• Consumer Durables: -0.72% → Declined amid weakness in consumer-oriented stocks.
• Financial Services: -1.48% → Weakest-performing sector, dragged down by Bajaj Finance, Bajaj Finserv and weakness across major financial stocks.

Top Gainers

• TCS: +3.36% at ₹2,452.70 → Gained ₹79.70 and led the Nifty 50 advances as strong buying returned to large-cap IT stocks.
• GRASIM: +3.20% at ₹3,323.00 → Advanced ₹103.00 amid strong stock-specific buying and remained in focus on its FY26 dividend record date.
• HINDALCO: +3.17% at ₹1,059.60 → Rose ₹32.60 after strong quarterly results, with consolidated profit rising 75% YoY to ₹7,013 crore.

Top Losers

• BAJFINANCE: -5.84% at ₹1,078.00 → Fell ₹66.80 as RBI’s draft proposal on revolving-credit facilities raised concerns for NBFCs.
• BAJAJFINSV: -3.70% at ₹2,008.90 → Declined ₹77.10 amid broad selling across financial stocks and the Bajaj group.
• TRENT: -3.54% at ₹2,997.00 → Dropped ₹110.10 after Q1 results, as mixed brokerage commentary and growth concerns weighed on the stock.

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 98 points low at 24,538 reached a high of 24,630 and closed at 24,570.

• Immediate Support: 24,500
• Immediate Resistance: 24,700

BANK NIFTY: Opened 181 points lower at 57,882, reached a high of 57,994 and closed at 57,746.

• Immediate Support: 57,500
• Immediate Resistance: 58,000

World Markets, Crude & Gold Prices

Global Equities

Global equity markets traded mixed on Friday, 7 August, as investors balanced strong corporate earnings against Middle East uncertainty and awaited the crucial US non-farm payrolls report for clues on the Federal Reserve’s interest-rate outlook.

Asian markets ended mixed. Japan’s Nikkei 225 fell 0.3%, South Korea’s Kospi declined 0.8% and Taiwan’s Taiex slipped 0.4%, while China’s Shanghai Composite gained 0.8% after strong export data. Hong Kong’s Hang Seng edged 0.2% higher.

European markets traded higher, with the STOXX 600 gaining around 0.3%, led by healthcare stocks and encouraging corporate earnings. In the US, S&P 500 and Dow futures were broadly flat, while Nasdaq futures traded higher, supported by gains in technology and semiconductor stocks ahead of the jobs report.

Crude Oil

Brent crude traded at $85.113 per barrel, down $1.855 or 2.13%, according to the latest supplied market snapshot.

Oil prices came under pressure as investors assessed indications that Iran and Gulf states were moving closer to a temporary agreement over reopening the Strait of Hormuz, potentially easing fears of prolonged supply disruptions. However, geopolitical risks remain elevated following renewed regional attacks and uncertainty over the final terms of any agreement.

For India, the decline in crude prices is favourable as it can help reduce the import bill, ease inflationary pressure and support margins in fuel-intensive sectors such as aviation, logistics, paints and chemicals.

Gold Prices

Gold traded at $4,317.46 per ounce, up $77.24 or 1.82%, according to the latest supplied market snapshot.

Gold remained strongly supported as investors reduced expectations of further US interest-rate hikes, while continued uncertainty surrounding the Middle East boosted safe-haven demand. Bullion was also on course for its strongest weekly performance since January, having gained more than 6% during the week.

Markets are now focused on the US non-farm payrolls report, which could significantly influence expectations for the Federal Reserve’s next policy move. Softer employment data could further support gold by lowering Treasury yields and reducing expectations of higher interest rates.

I can also send you an updated World Markets, Crude & Gold Prices snapshot after major global-market moves or before each pre-market report.

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