The Indian stock market witnessed a mixed session this morning with the Nifty 50 and Sensex both trading lower, while the IT sector showed significant gains. As of 11:00 AM IST, the Nifty 50 stood at 24,230.95, marking a decline of 0.39% from its opening level. The Sensex also experienced a downturn, falling 0.44% to 77,503.50. In contrast, the Nifty IT index emerged as a strong performer, rising by 0.89% to 29,301.70.
Index movements
The Nifty 50 opened at 24,233.65 and reached a high of 24,253.80, while touching a low of 24,138.40 during the session. The index’s trajectory showed fluctuations with levels at 24,216.40, 24,239.45, and 24,154.05 at various intervals. Meanwhile, the Sensex opened at 77,631.94, hitting a high of 77,647.44 and a low of 77,248.69.
The Bank Nifty index also saw a decline, opening at 55,783.95 and currently trading at 55,606.00, down 0.79% from its opening level. The index recorded a high of 55,797.70 and a low of 55,507.45.
Sectoral performance
Sectoral indices displayed varied performances. The Nifty IT index led the gains with a 0.89% increase, reaching 29,301.70. The Nifty Pharma index also showed positive movement, climbing 0.50% to 24,256.65. On the other hand, the Nifty Energy index declined by 0.52%, standing at 40,926.55, and the Nifty Metal index fell by 0.39% to 13,114.50.
Market breadth
The broader market indices reflected a mixed trend. The Nifty 100 index was slightly down by 0.32% at 25,237.55, while the Nifty 500 index saw a marginal decline of 0.16%, trading at 23,175.75. The Nifty Midcap 50 index, however, recorded a gain of 0.27%, reaching 17,665.30, and the Nifty Midcap 100 index rose by 0.07% to 62,047.95.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 24,233.65 | 24,253.80 | 24,138.40 | 24,230.95 | -0.39% |
| Sensex | 77,631.94 | 77,647.44 | 77,248.69 | 77,503.50 | -0.44% |
| India VIX | 16.62 | 17.43 | 16.16 | 17.01 | +2.35% |
| Nifty IT | 29,031.55 | 29,359.55 | 28,961.80 | 29,301.70 | +0.89% |
| Bank Nifty | 55,783.95 | 55,797.70 | 55,507.45 | 55,606.00 | -0.79% |
| Nifty Energy | 41,091.50 | 41,133.10 | 40,785.55 | 40,926.55 | -0.52% |
| Nifty Pharma | 24,043.45 | 24,306.75 | 24,030.65 | 24,256.65 | +0.50% |
| Nifty PSU Bank | 8,612.05 | 8,613.55 | 8,550.80 | 8,594.35 | -0.49% |
| Nifty Metal | 13,156.00 | 13,167.15 | 13,056.35 | 13,114.50 | -0.39% |
| Nifty 100 | 25,235.70 | 25,247.15 | 25,133.95 | 25,237.55 | -0.32% |
| Nifty Midcap 50 | 17,636.55 | 17,685.95 | 17,555.45 | 17,665.30 | +0.27% |
| Nifty Realty | 827.35 | 828.10 | 820.20 | 825.55 | -0.24% |
| Nifty 500 | 23,166.05 | 23,185.65 | 23,080.30 | 23,175.75 | -0.16% |
| Nifty Media | 1,467.90 | 1,477.70 | 1,465.65 | 1,473.55 | +0.09% |
| Nifty Midcap 100 | 62,039.15 | 62,113.85 | 61,789.10 | 62,047.95 | +0.07% |
| Nifty Auto | 27,244.80 | 27,372.15 | 27,082.60 | 27,357.70 | +0.06% |
| Nifty FMCG | 51,107.55 | 51,191.90 | 50,756.85 | 51,092.65 | +0.05% |
Market outlook
As the session progresses, investors will be closely monitoring the movements in key indices, particularly the IT sector, which has shown resilience. The overall market sentiment remains cautious, with attention on global cues and domestic economic indicators that could influence further market direction.
Data as on May 8, 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.