The Indian stock market snapped its recent recovery momentum on Friday, 7 August 2026, as sharp selling in financial heavyweights and a rebound in global crude oil prices dragged benchmark indices lower. However, robust buying across auto, technology, and metal stocks helped cushion the overall market decline.
The benchmark BSE Sensex dropped 455.59 points (0.58%) to close at 78,499.17, while the NSE Nifty 50 slipped 65.35 points (0.27%) to settle at 24,570.65. The Nifty Bank index also faced pressure, losing 317.20 points (0.55%) to end at 57,746.45.
Market Snapshot: Key Benchmark Indices
- BSE Sensex: 78,499.17 | ▼ 455.59 (-0.58%)
- NSE Nifty 50: 24,570.65 | ▼ 65.35 (-0.27%)
- Nifty Bank: 57,746.45 | ▼ 317.20 (-0.55%)
- Nifty Midcap 100: ▲ 0.22%
- Nifty Smallcap 100: ▼ 0.05%
Top Gainers and Losers Today (7 August 2026)
Top Nifty 50 Gainers
- Tata Consultancy Services (TCS): +3.36% (₹2,452.70) — Led the Nifty 50 advances as strong institutional buying returned to large-cap IT stocks.
- Grasim Industries: +3.20% (₹3,323.00) — Advanced on stock-specific buying ahead of its dividend record date.
- Hindalco Industries: +3.17% (₹1,059.60) — Rallied after reporting a 75% YoY surge in consolidated Q1 net profit to ₹7,013 crore.
- Hero MotoCorp: Advanced on strong Q1 profit growth and festive demand expectations.
- Samvardhana Motherson: Surged following bullish brokerage upgrades.
Top Nifty 50 Losers
- Bajaj Finance: -5.84% (₹1,078.00) — Plunged on concerns over RBI’s draft proposals regarding revolving credit facilities for NBFCs.
- Bajaj Finserv: -3.70% (₹2,008.90) — Slipped in tandem with broader selling across financial and group stocks.
- Trent Ltd: -3.54% (₹2,997.00) — Dropped following mixed brokerage commentary post-Q1 results.
- Tata Capital: Declined amidst non-banking financial sector pressure.
- ICICI Bank: Eased due to selective institutional profit-taking.
Sectoral Highlights & Primary Market Drivers
- Financials Drag Benchmarks: The Nifty Financial Services index sank 1.48%, emerging as the weakest sector following the RBI’s draft framework on revolving credit limits for non-bank lenders.
- Auto & IT Outperform: The Nifty Auto index surged 1.84% to reach record highs, while Nifty IT gained 1.42% on value accumulation.
- Crude Oil Rebound: Brent crude rebounded above $83.50 per barrel due to geopolitical uncertainty surrounding the Strait of Hormuz, adding inflationary pressure to domestic sentiment.
Technical Outlook
Technically, the Nifty 50 closed below its key short-term moving averages. Immediate downside support is placed in the 24,450–24,500 zone, while resistance stays firm near 24,700–24,800.
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Rupee at Close
7 Aug, 2026
The rupee closed at 95.21 against the US dollar on Friday, compared with Thursday’s close of 95.22 per dollar.
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FII’s & DII’s Activity on 7 Aug, 2026
Net value in crores
| BUY | SELL | |
| DII | 235.56 | |
| FII | 480.24 |
Source : NSE
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NOTE: *** The above information is based on the source and just for information and educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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