Final Trade: Markets end slightly in the green; Sensex up 106 pts, Nifty settles at 24,414

Benchmark equity indices closed in positive territory on Tuesday, May 7, 2025, despite heightened geopolitical tensions following India’s precision strike Operation Sindoor on terror camps in Pakistan and PoK. The BSE Sensex added 105.71 points to end at 80,746.78, while the NSE Nifty50 gained 34.80 points to settle at 24,414.40.

Broader markets recover from early losses

Despite a weak opening, broader indices staged a smart recovery with the Nifty Midcap and Smallcap indices rising over 1 per cent. Early jitters were absorbed quickly as buying emerged in auto and financial stocks, helping the indices stay afloat.

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Auto, finance stocks drive momentum; FMCG, pharma lag

Auto stocks led the rally, buoyed by optimism around the India-UK free trade agreement (FTA), which is expected to unlock export opportunities. Financials also saw strong buying interest. However, FMCG and pharma stocks remained under pressure throughout the day.

Top movers and drags on Nifty50

Among the top gainers on the Nifty50 were Tata Motors, Jio Financial Services, Bajaj Finance, Shriram Finance and Eternal. On the flip side, Asian Paints, Sun Pharma, Bajaj Auto, ITC and Grasim ended in the red.

Technical outlook: Nifty holds 24,250 support

Technically, the Nifty50 held on to the key support level of 24,250, while facing resistance near 24,500. A breakout above this range is likely to signal the next directional move. Market participants stayed cautious amid Indo-Pak developments but were supported by robust FII inflows and strong sectoral cues.

Outlook

Going forward, traders will closely track geopolitical updates and global markets for directional cues. Volatility may remain elevated in the near term, but strong fundamentals and foreign flows are likely to support market sentiment.