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Home / Markets / News / Stock Market Close Highlights: Sensex falls 400pts, Nifty ends at 24,273 as India-Pak tensions rise
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Stock Market Close Highlights: Sensex falls 400pts, Nifty ends at 24,273 as India-Pak tensions rise

Sensex Today | Stock Market Close Highlights: Among the sectoral indices auto, energy, FMCG, realty, metal, pharma. oil & gas settled in red

Image SI Reporter New Delhi
Traders monitor BSE index at a brokerage firm, as the Sensex goes down, in Mumbai | PTI

Share Market Today: The broader markets are mixed, with the Nifty Midcap 100 dragging 0.49 per cent, and the Nifty Smallcap 100 gaining 0.23 per cent. (PTI)

Stock Market Close Highlights, Thursday, May 8, 2025: Indian equity benchmark indices settled in red on Thursday after tensions between India and Pakistan escalated after Ministry of Defence said that as a part of Operation Sindoor, Indian Forces neutralised air defence radars and related systems at several locations in Pakistan. READ MORE HERE
 
The BSE Sensex closed at 80,334.81, down 411.97 points or 0.51 per cent. The NSE Nifty50 fell 140.60 points or 0.58 per cent to close at 24,273.80.
 
The broader markets also witnessed sharp declines as the Nifty Midcap100 index fell 1.95 per cent and Nifty Smallcap 100 fell 1.43 per cent.
 
Among the sectoral indices, except for Nifty IT and media all other sectors closed in red with auto, energy, FMCG, realty, metal, pharma. oil & gas and consumer durables down by over 1 per cent each. Nifty Metal was the top loser among sectors falling by 2.09 per cent. 
From the Sensex constituents, 26 out of 30 stocks settled with losses. Top laggards were Eternal (formerly Zomato) down 3.97 per cent, Mahindra & Mahindra (-3.36 per cent), Bajaj Finance (-2.19 per cent), Maruti Suzuki (-2.04 per cent), and Tata Steel down 1.98 per cent. Axis Bank up by 0.7 per cent, HCL Tech (0.67 per cent), Kotak Mahindra Bank (0.33 per cent) and Titan up 0.21 oer cent were the gainers.
 
Meanwhile, the fear index (India VIX), which gauges volatility in the markets, rose 9.41 per cent to 22.43 points.       
4:09 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The index closed with a Dark Cloud Cover candlestick pattern, indicating heightened fear among traders. Prior to this, the index faced resistance around 24,550. The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550.

View by Rupak De, senior technical analyst, LKP Securities.
4:02 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Indian equity market experienced profit booking by the end of the trading day due to escalating tensions between India and Pakistan, marked by increased cross-border exchanges. The FOMC policy meeting provided little reassurance, as the Fed expressed concerns that aggressive US tariffs could fuel inflation and raise unemployment. However, the global market remains stable and positive, buoyed by expectations of an imminent U.S. trade deal with the UK and preliminary indications of trade talks with China. Historically, the domestic volatility is expected to neutralize as cross border issue de-escalates.

View by Vinod Nair, head of research, Geojit Investments Limited.
4:00 PM

Stock Market LIVE Updates: 'Rupee witnessed a sharp fall, marking its biggest single-day drop in two years'

Stock Market LIVE Updates: Rupee witnessed a sharp fall, marking its biggest single-day drop in two years, closing 90 paise lower at 85.68, amid escalating tensions along the India-Pakistan border. Reports of drone attacks and retaliatory strikes over the past 24 hours have heightened geopolitical uncertainty, triggering a risk-off sentiment. If the situation worsens, the rupee may face further pressure, with lower levels of 86.00-86.50 potentially coming into play.

View by Jateen Trivedi, VP research analyst- commodity and currency, LKP Securities.
3:50 PM

Stock Market LIVE Updates: India VIX closed 10.21% higher amid border tension between India & Pakistan

Stock Market LIVE Updates: India VIX, the measure of market volatility in the domestic market, jumped as much as 10.21 per cent to 21.01. India's volatility gauge spiked in late hours of trading on Thursday after India confirmed that it targeted air defence radars and systems at many locations in Pakistan, a retaliation to the latter's attempt to engage several military targets in Northern and Western India. Read more 


3:45 PM

Stock Market LIVE Updates: A glance at broader market at close

Stock Market LIVE Updates: BSE Midcap closed nearly 2 per cent lower and Smallcap slipped over 1 per cent after market closed. 


3:43 PM

Stock Market LIVE Updates: Here's a heat map of Sensex gainers and losers at close

Stock Market LIVE Updates: M&M, Eternal, Maruti Suzuki were among the top losers on Sensex at close. Here's a heat map.


3:40 PM

Stock Market LIVE Updates: Indian rupee falls 89 paise to 85.72

Stock Market LIVE Updates: Indian rupee also fell 89 paise to 85.72, posts biggest single session decline against US dollar since February 2023.
3:37 PM

Stock Market LIVE Updates: Nifty closes at 24,273.8, down 140.6 pts

Stock Market LIVE Updates: NSE Nifty50 closed at 24,273.80, down 140.6 poinst or 0.58 per cent on concerns over border tensions between India and Pakistan escalating. 


3:34 PM

Stock Market LIVE Updates: Sensex slips 412 pts to 80,334.81 at close

Stock Market LIVE Updates: In the last few minutes, Indian equities fell sharply amid concerns around escalating border tensions between India and Pakistan. At close, BSE Sensex closed 412 points lower to 80,334.81 after Pakistan attempted to engage a number of military targets; those were neutralized, debris of these attacks is now being recovered and India was compelled to respond to bring mortar and artillery fire from Pakistan to a halt.
 


3:25 PM

Stock Market LIVE Updates: Asian Paints net profit falls 45% to ₹692 cr

Stock Market LIVE Updates: Asian Paints shares traded over 1 per cent lower after the company posts fall in Q4 net profit. At 3:23 PM, Asian Paints shares were down 1.52 per cent at ₹2297.15 per share. 

Asian Paints on Thursday reported a consolidated net profit of ₹692.1 crore for the quarter that ended on March 31, 2025 (Q4 FY25). This marks a 44.9 per cent rise year-on-year (Y-o-Y) from ₹1,256.7 crore. Sequentially, the profit dropped by 37.7 per cent from ₹1,256.7 crore. Read more 



3:12 PM

Stock Market LIVE Updates: Blue Star stock falls 3% after Q4FY25 results; check key numbers here

Stock Market LIVE Updates: Shares of Blue Star fell over 3 per cent to hit an intraday low of ₹1,616.6 on Thursday despite the company reporting a healthy set of numbers for the quarter ended March 2025 (Q4 FY25). 
 
At 2:50 PM, shares of the cooling appliances company were trading 3.5 per cent down at ₹1,618, compared to 0.33 per cent decline in the benchmark Nifty50 index. The stock is quoting 33 per cent down from its 52-week high of ₹2,417, which it touched on January 8, 2025. READ MORE
3:12 PM

Stock Market LIVE Updates: Sixteen civilian lives have been lost due to Pakistani firing: Defence Ministry

Stock Market LIVE Updates: Defence Ministry said that sixteen civilian lives have been lost, including three women and five children, due to Pakistani firing India was compelled to respond to bring Mortar and Artillery fire from Pakistan to a halt. Indian Armed Forces reiterate their commitment to non-escalation, provided it is respected by the Pakistani military. 

It added: Pakistan has increased the intensity of its unprovoked firing across the LoC using Mortars and heavy calibre Artillery in areas in Kupwara, Baramulla, Uri, Poonch, Mendhar and Rajouri sectors in Jammu and Kashmir.
 
3:11 PM

Stock Market LIVE Updates: Pakistan attempted to engage no. of military targets in India: Defence Ministry

Stock Market LIVE Updates: According to reports, Defence Ministry said, "Pakistan attempted to engage a number of military targets in Northern and Western India including Awantipura, Srinagar, Jammu, Pathankot, Amritsar, Kapurthala, Jalandhar, Ludhiana, Adampur, Bhatinda, Chandigarh, Nal, Phalodi, Uttarlai, and Bhuj, using drones and missiles."

It added: These were neutralised by the Integrated Counter UAS Grid and Air Defence systems. The debris of these attacks is now being recovered from a number of locations that prove the Pakistani attacks.
3:03 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading lower on Thursday, as tensions between India and Pakistan escalated. 
 
At 3 PM, the BSE Sensex was lower by 415.34 points, or 0.51 per cent, at 80,331.44, and the Nifty50 was at 24,254.5, lower by 159.90 points, or 0.65 per cent.
2:53 PM

Stock Market LIVE Updates: Apollo Tyres, MRF, Ceat zoom up 52% from April low; Time to hold or exit?

Stock Market LIVE Updates: Tyre-manufacturing stocks have experienced an exceptional rally on the stock exchanges over the past month. Historical data reveals significant gains for major players like Apollo Tyres, Ceat, and MRF, with some stocks surging as much as 52 per cent from their April 2025 lows. Leading the pack, Ceat's stock has skyrocketed by 52.1 per cent from its April 7 low of ₹2,504 to a new all-time high of ₹3,809 in today's (Thursday's) trading session. 

MRF also saw substantial gains, climbing 32.7 per cent from its April 7 low of ₹1,08,001 to reach a high of ₹1,43,275. Apollo Tyres shares have also jumped significantly, rising by 34.4 per cent from a low of ₹375 to a high of ₹504. Given this impressive performance, what should be an investor's strategy for these stocks? READ MORE
 

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First Published: May 08 2025 | 7:11 AM IST

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