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Indian stock market: Nifty 50 bounces back from support; can a US-Iran peace deal push the index to 25,000 this month? - Mint

Indian stock market: Nifty 50 bounces back from support; can a US-Iran peace deal push the index to 25,000 this month?Mint

Sensex falls 114 points, Nifty closes below 24,350; broader markets outperform

Indian stock markets surged on Thursday, with Sensex and Nifty extending gains for a second day. This rise was fueled by optimism over a potential de-escalation of US-Iran conflict, leading to a broad-based rally across midcap and smallcap indices. PSU Bank stocks led the sectoral gains.

ICICI Bank Share Price Live Updates: ICICI Bank's beta reveals its risk profile

Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a muted start; Bajaj Auto in focus

Sensex Today | Stock Market LIVE Updates: The Nifty Bank closing above its 20-DMA is a positive and the 55,000 level, which was a barrier till now, could now act as a support after Wednesday's breakout. Earnings reactions continue swiftly with Bajaj Auto reacting to results and the buyback announcement. Platform companies Paytm, Meesho, PB Fintech all react to results, along with GCPL, Bluestar, Sula Vineyards, and others.

HDFC Bank Shares In Focus After RBI Clears Up To 9.95% Stake In ICICI Bank, Kotak Mahindra Bank

HDFC Bank submitted the application to the RBI on Jan. 23, 2026, on behalf of its group entities after aggregate holdings were expected to exceed the 5% limit prescribed under the new framework.

Stock Market Today Live Updates: GIFT Nifty Points To Gap-Up Open For Nifty, Sensex; Japan's Nikkei 225 Tops 61,000 For First Time

The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,490, compared to Wednesday's index close of 24,330.95.

The Smallcap rebound: Stocks rally up to 60% from March lows but record highs remain distant

Smallcap stocks have staged a sharp recovery from their March lows, with the Nifty Smallcap Index rebounding 24% from the March 23, 2026 intraday low of 14,986, to an intraday high of 18,565 on May 6. 96 of the 100 stocks in the index have delivered positive returns since the March lows, with two stocks gaining more than 50%. Despite the rebound, the index trades 7% below its record high.

Trade Setup For May 6: Nifty Bulls Eye 24,500 Breakout Amid Positive Global Cues — Check Key Levels

The Bank Nifty finds immediate resistance in the 56,300-56,400 zone.

Trade Setup for May 7: Nifty bulls aim to capitalise on hope rally for a push towards 24,800

Meanwhile, the Bank Nifty index broke out of its recent consolidation range of 54,222-55,602 and closed above its 20-day EMA for the first time since April 27.

Quick Wrap: Nifty PSU Bank Index gains 2.84%, NIFTY jumps 1.24%

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Share Market Today: Nifty 50, Bank Nifty Prediction | May 6, 2026 - Liquide Blog

Share Market Today: Nifty 50, Bank Nifty Prediction | May 6, 2026Liquide Blog

INR recovers under Rs 95/$ mark as oil plunges; Nifty, Sensex stage a sharp recovery

The Indian rupee appreciated 61 paise to close at 94.57 (provisional) against the US dollar on Wednesday, as Brent crude prices retreated from elevated levels under USD 100 per barrel after US President Donald Trump hinted at a possible deal with Iran. Market sentiment was boosted after Trump paused "Project Freedom," a US operation to escort ships through the Strait of Hormuz. Indias BSE Sensex rose 1.2% to close at 77,958.5 on Wednesday, an over two-week high as global market sentiment improved following a drop in crude oil prices after US President Trump claimed progress in negotiations with Iran toward an agreement to end the war. Meanwhile, DXY slipped 97.53, the lowest since February 2026. Over the past 4 weeks, Dollar Index lost 2.22%, and in the last 12 months, it decreased 1.98%.