Indian Stock Market Ends Lower as Sensex Falls 114 Points, IT and Auto Stocks Drag
Indian stock markets closed in the red on May 7 as the Sensex fell 114 points and the Nifty settled near 24,330 amid weakness in IT and auto sector stocks.
Prasanth Subramani 
The Indian stock market ended lower on Wednesday (May 7), with both the Sensex and Nifty closing in negative territory due to weakness in IT and automobile sector stocks.
The BSE Sensex opened the session at 77,942 points and climbed to an intraday high of 78,384.70 points during trading. However, the index later lost momentum and gradually slipped lower before ending the day down by 114 points at 77,952. This marked an overall decline of 0.15 percent in today’s trading session.
Similarly, the NSE Nifty opened at 24,398 points and touched an intraday high of 24,482 points. The index later pared its gains and settled at around 24,330 points by the end of the session, registering a marginal decline of 0.018 percent.
Out of the 30 Sensex-listed companies, shares of 10 companies closed in positive territory, while the remaining 20 stocks ended lower.
Godrej shares emerged as the top gainer with a rise of 2.12 percent. NTPC gained 1.40 percent, followed by Tata Steel at 0.76 percent, Kotak Bank at 0.75 percent, Eternal at 0.54 percent, Asian Paints at 0.47 percent, UltraTech Cement at 0.44 percent, Larsen & Toubro at 0.37 percent, and Maruti Suzuki at 0.35 percent.
On the losing side, stocks including Quality Walls, Hindustan Unilever, TCS, Tech Mahindra, Titan Company, ITC, Sun Pharma, Adani Ports, Bajaj Finserv, and Power Grid witnessed declines.
Among the Nifty 50 stocks, HDFC Life, Bajaj Auto, Mahindra & Mahindra, NTPC, Sun Pharma, ONGC, Apollo Hospitals, Hindalco, and JSW Steel were among the key gainers during the session.
