Stock market today (May 6, 2026): Sensex jumps 940 points, Nifty tops 24,300; check top gainers and losers today

Benchmark equity indices rallied sharply on Wednesday as a steep fall in crude oil prices and optimism around a possible US-Iran agreement boosted investor sentiment, PTI reported. The 30-share BSE Sensex surged 940.73 points, or 1.22 per cent, to close at 77,958.52. During the session, it climbed as much as 1,004.99 points to hit an intraday high of 78,022.78. The NSE Nifty advanced 298.15 points, or 1.24 per cent, to settle at 24,330.95. The rally gathered momentum in the latter half of the session amid strong buying in banking, financial and airline stocks, while positive global cues also supported markets. InterGlobe Aviation emerged as the top Sensex gainer, soaring 6.6 per cent after crude oil prices dropped sharply and the government announced a credit guarantee scheme for airlines impacted by the Middle East conflict.

Nifty50 top gainers

InterGlobe Aviation (+6.65%)

Tata Motors PV (+5.30%)

Shriram Finance (+4.12%)

Trent (+3.74%)

Asian Paints (+3.67%)

SBI (+3.41%)

Adani Enterprises (+3.19%)

HDFC Bank (+3.14%)

Dr Reddy’s (+3.14%)

Eternal (+3.06%)

Nifty50 top losers

ONGC (-3.16%)

Reliance Industries (-1.76%)

Larsen & Toubro (-1.14%)

Power Grid (-1.10%)

NTPC (-0.96%)

HCL Tech (-0.93%)

Infosys (-0.93%)

Hindalco (-0.85%)

Coal India (-0.51%)

Hindustan Unilever (-0.45%)

BSE Sensex top gainers

InterGlobe Aviation (+6.65%)

Trent (+3.74%)

Asian Paints (+3.67%)

SBI (+3.41%)

HDFC Bank (+3.14%)

Eternal (+3.06%)

M&M (+2.81%)

Axis Bank (+2.74%)

Bajaj Finance (+2.32%)

Bajaj Finserv (+2.32%)

BSE Sensex top losers

Reliance Industries (-1.76%)

Larsen & Toubro (-1.14%)

Power Grid (-1.10%)

NTPC (-0.96%)

HCL Tech (-0.93%)

Infosys (-0.93%)

Hindustan Unilever (-0.45%)

Titan Company (-0.33%)

ITC (-0.25%)

Broader markets mirrored the rally, with the BSE SmallCap Select index jumping 2.25 per cent and the MidCap Select index gaining 2.10 per cent. “The trigger was largely global — renewed optimism around a potential US–Iran peace deal led to a sharp decline in crude oil prices, offering immediate relief to an import-heavy economy like India,” said Hariprasad K, Research Analyst and Founder, Livelong Wealth, PTI quoted. Ajit Mishra, SVP-Research at Religare Broking Ltd, said supportive domestic measures such as the government’s credit guarantee scheme also aided banking stocks. The rally followed comments by US President Donald Trump indicating progress in talks with Iran. “Great progress has been made toward a complete and final agreement with representatives of Iran,” Trump said in a post on Truth Social. He added that the US had agreed to temporarily pause “Project Freedom” — launched to escort ships stranded due to the Strait of Hormuz blockade — to allow negotiations to continue. US Secretary of State Marco Rubio also announced that “Operation Epic Fury”, launched on February 28, had concluded. “Operation Epic Fury is concluded. We achieved the objectives of that operation. We're not cheering for an additional situation to occur. We would prefer the path of peace,” Rubio said at a White House press conference. Brent crude prices tumbled nearly 8 per cent to around $101.1 per barrel, easing concerns over inflation and India’s import bill. “Indian equity markets closed on a positive note as renewed optimism around a US-Iran peace deal and easing energy prices provided the necessary catalyst,” said Ponmudi R, CEO of Enrich Money. Among sectoral indices, telecom, services, PSU banks, realty and financial stocks led the gains, while energy, FMCG and utilities lagged. A total of 2,862 stocks advanced on the BSE, while 1,365 declined. In Asia, South Korea’s Kospi surged more than 6 per cent, while Shanghai and Hong Kong markets also closed higher. European markets were trading sharply higher, while US stocks had ended in positive territory overnight. Foreign Institutional Investors (FIIs) sold equities worth Rs 3,621.58 crore on Tuesday, according to exchange data.

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