Indian benchmark indices, Sensex and Nifty 50, are expected to open on a flat note on May 8, taking cues from GIFT Nifty, which was trading around 24,419 earlier this morning.
The Indian stock markets have remained largely steady despite recent military strikes on terrorist camps across the border in Pakistan.
Market sentiment is likely to be influenced by the US Federal Reserve's decision to keep interest rates unchanged amid persistent concerns over rising inflation and increasing unemployment.
Additionally, geopolitical tensions following India’s targeting of nine terror camps in Pakistan and Pakistan-occupied Kashmir may weigh on investor confidence. Market participants will also be closely watching quarterly earnings reports from companies such as Larsen & Toubro and Britannia Industries.
On Wednesday, the 30-share benchmark index ended at 80746.78 up by 105.71 points or by 0.13 % and then NSE Nifty was at 24414.4 up by 34.8 points or by 0.14 %.
On the global front, Asian stocks traded in a tight range at the open after the Federal Reserve reiterated it isn’t in a rush to lower interest rates, and investors awaited the trade negotiations between China and the US before taking risky bets.
US stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.
The Dow Jones Industrial Average rose 284.97 points, or 0.70%, to 41,113.97, the S&P 500 gained 24.37 points, or 0.43%, to 5,631.28 and the Nasdaq Composite gained 48.50 points, or 0.27%, to 17,738.16.
Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 34674594.00, Eternal Ltd. 31614852.00, Tata Motors Ltd. 30390515.00, Jio Financial Services Ltd. 19393399.00, Bharat Electronics Ltd. 19274367.00,
On NSE, total number of shares traded was 331.97 Crore and total turnover stood at Rs. 101223.47 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 184742 with a total turnover of Rs. 32153.96 Crore. Along with this total number of contracts traded in stock futures were 1391554 with a total turnover of Rs. 85076.50 Crore. Total numbers of contracts for index options were 114766485 with a total turnover of Rs. 20839710.50 Crore. and total numbers of contracts for stock options were 5750360 with a total turnover of Rs. 377520.14 Crore.
The FIIs on 07/05/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 13481.70 Crore and gross debt purchased stood at Rs. 116.19 Crore, while the gross equity sold stood at Rs. 9470.25 Crore and gross debt sold stood at Rs. 833.78 Crore. Therefore, the net investment of equity and debt reported were Rs. 4011.45 Crore and Rs. -717.59