Stock Market Closing: Sensex Closes 400 pts Lower, Nifty Below 24,300; Eternal, Mahindra, ONGC Top Losers

Stock Market Live Updates: The Indian stock market closed on a weak note on Thursday after making a positive start of the trading session. The ongoing developments related to the border tensions between India and Pakistan impacted the investors sentiment on May 8.

Indian stock market opened higher on Thursday with Sensex starting the session at 80,912.34 and Nifty at 24,431.50. However, soon after, the benchmarks traded volatile. Top gainers are Tata Motors, Kotak Bank, Power Grd, and Bajaj Finserv, while stocks like Eternal, ITC, Maruti and HDFC Bank are top losers.

The performance comes after US Federal Reserve kept key rates unchanged for the third time. In the early trade, Gift Nifty traded down by 60 points. Market sentiment is also fuelled by intensifying tensions in India and Pakistan. It is being reported that Pakistan has attacked the LoC of India, targeting civilians. There were complete blackouts in the severe regions.

Stocks like , L&T, Titan, Britannia, Pidilite, Biocon, Union Bank, Bharat Forge, Canara Bank and other companies will be in focus as they are announcing their Q4 results. While other stocks like Coal India, Dabur, Niva Bupa, United Breweries, Blue Star, Sonata Software, Somany Ceramics, Asian Paints, and Bharat Forge also in focus.

Yesterday, Sensex ended at 80,746.78, higher by 105.71 points or 0.13%, while Nifty 50 closed at 24,414.40, higher by 34.80 points or 0.14%.

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