The Indian stock markets opened on a positive note, buoyed by favourable global cues and a decline in global crude prices. The Nifty 50 surged past the 24,100 mark, currently trading at 24,139.55, reflecting a 0.44% increase from its opening level. Similarly, the Sensex has gained 0.38%, standing at 77,311.39. Early trade witnessed strong performances from banking, auto, and IT stocks, contributing to the upward momentum.
Index movements
The Nifty 50 opened at 24,171.00, reaching a high of 24,250.85 and a low of 24,096.50. The index’s trajectory during the session showed a gradual decline from its opening level to 24,136.45 by 10:00, before stabilising around 24,139.55. The Sensex mirrored this positive sentiment, opening at 77,424.36, hitting a high of 77,675.01, and a low of 77,153.94. Meanwhile, the Bank Nifty opened at 55,113.40 and is currently trading at 55,147.65, up by 1.10% from its opening.
Sectoral performance
The Nifty Auto index emerged as the top gainer, currently at 26,653.35, up by 1.76% from its opening. The Nifty IT index also saw gains, trading at 29,308.60, up by 0.69%. Other notable performers include Nifty Pharma, which rose by 1.28% to 23,871.60, and Nifty Metal, which increased by 0.70% to 13,080.80. On the downside, the Nifty FMCG and Nifty Energy indices declined by 0.58% and 0.53%, respectively.
Market breadth
The broader market indices reflected a positive trend, with the Nifty Midcap 50 and Nifty Midcap 100 indices rising by 1.38% and 1.15%, respectively. The Nifty 100 and Nifty 500 indices also posted gains, up by 0.45% and 0.60%. However, the Nifty Media index saw a slight decline of 0.04%, trading at 1,448.65.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 24,171.00 | 24,250.85 | 24,096.50 | 24,139.55 | +0.44% |
| Sensex | 77,424.36 | 77,675.01 | 77,153.94 | 77,311.39 | +0.38% |
| India VIX | 17.91 | 17.91 | 16.77 | 17.25 | -3.69% |
| Nifty Auto | 26,502.15 | 26,694.45 | 26,468.85 | 26,653.35 | +1.76% |
| Nifty PSU Bank | 8,574.00 | 8,636.45 | 8,543.20 | 8,560.75 | +1.44% |
| Nifty Midcap 50 | 17,201.85 | 17,242.75 | 17,168.00 | 17,232.20 | +1.38% |
| Nifty Pharma | 23,743.20 | 23,883.15 | 23,640.75 | 23,871.60 | +1.28% |
| Nifty Midcap 100 | 60,925.95 | 60,997.40 | 60,776.10 | 60,957.40 | +1.15% |
| Bank Nifty | 55,113.40 | 55,344.95 | 55,007.55 | 55,147.65 | +1.10% |
| Nifty Realty | 806.15 | 809.65 | 802.05 | 808.90 | +0.95% |
| Nifty Metal | 13,131.60 | 13,171.45 | 13,064.90 | 13,080.80 | +0.70% |
| Nifty IT | 29,435.50 | 29,646.05 | 29,271.10 | 29,308.60 | +0.69% |
| Nifty 500 | 22,978.95 | 23,030.95 | 22,915.00 | 22,945.45 | +0.60% |
| Nifty FMCG | 51,898.85 | 51,947.35 | 51,226.05 | 51,293.80 | -0.58% |
| Nifty Energy | 41,187.25 | 41,219.10 | 40,723.35 | 40,772.90 | -0.53% |
| Nifty 100 | 25,148.80 | 25,220.40 | 25,068.90 | 25,103.95 | +0.45% |
| Nifty Media | 1,459.15 | 1,466.65 | 1,446.60 | 1,448.65 | -0.04% |
Market outlook
As the session progresses, investors will continue to monitor global cues and crude price movements, which have been significant drivers of the current market sentiment. The focus will remain on sectoral performances, particularly in auto and IT, which have shown robust gains. Market participants will also keep an eye on any developments that could influence the broader economic outlook.
Data as on May 6, 2026, 11:00 AM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.