Indian markets ended lower on Monday, May 6, as profit-booking intensified across the board after a sharp rally in recent weeks. The benchmark Nifty50 slipped 38 points to close at 24,380, while the Sensex dropped 156 points to end near 80,250 levels.
The broader market faced the heat more severely. The BSE Midcap and Smallcap indices each declined over 2 per cent, signalling risk-off sentiment among retail and institutional players alike.
Sector check: PSU banks tumble, pharma under pressure
Barring autos, all major sectoral indices ended in the red. PSU Banks led the decline, tanking nearly 5 per cent, while Realty and Pharma indices slipped 2 to 3 per cent amid broad-based selling. Consumer durables, media, power, and oil & gas names also witnessed notable profit-taking.
On the flip side, the Nifty Auto index managed to buck the trend, aided by gains in stocks like Hero MotoCorp and M&M.
Top movers
Heavyweights such as Adani Enterprises, Eternal, Jio Financial, Trent, and HDFC Life were among the top losers on the Nifty, dragging the index lower.
On the gaining side, Hero MotoCorp, Tata Steel, Bharti Airtel, Mahindra & Mahindra, and Hindustan Unilever provided some cushion to the frontline indices.
More to come…
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
