Stock Market Today: Sensex Trades Below 80,800 or 48.84 Points Up; Nifty50 Down by 0.043%

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Posted by : sachet | Thu May 08 2025

Stock Market Today: Sensex Trades Below 80,800 or 48.84 Points Up; Nifty50 Down by 0.043%

Stocks, Stock Market Today: Indian equities trade flat today as the BSE Sensex was trading 48.84 points up or below the level of 80,800. However, Nifty50 trades down by 10.50 points or 0.043% at 24,403.90 as of 12:24:58 IST. Check the key highlights, technicals and top stocks to watch today below.

Table of Contents

Stock Market Today: Key Highlights

The rise of geopolitical tensions between India and Pakistan causes fear among most investors about making forward strategies.
The US Federal Reserve decided to leave interest rates steady for ongoing inflationary pressures and labour market uncertainties.

Technical Levels to Consider

NIFTY 50

Support: 24,314.00 / 24,175.00
Resistance: 24,576.00 / 24,640.00

Bank Nifty

Support: 54,363.00 / 54,192.00
Resistance: 54,892.00 / 55,051.00

Sector Outlook

In today’s stock market, investors will likely focus on the energy, textile, selective financials, and fertiliser sectors. Stocks in these sectors may face high volatility or gains during the intraday session.

Key Stocks to Watch Today

Jindal Drilling

Jindal Drilling awarded a 3-year contract by ONGC for the rig ‘Jindal Explorer’.

Lupin

Lupin launches seizure drug eslicarbazepine acetate in the US post-FDA approval.

UBL

UBL announced its Q4 results with a net profit of ₹97.40 crore against the poll of ₹90 crore. Moreover, the revenue of UBL stood at ₹2,321 crore against the poll of ₹2,303 crore.

NLC India

NLC has incorporated a joint venture company with Assam Power Distribution Company.

Om Infrastructure

Om Infrastructure has been awarded a ₹129 crore water infrastructure project by Uttar Pradesh Jal Nigam.

Many other stocks, such as L&T, Britannia Industries, Canara Bank, Biocon, and Asian Paints, will also be in focus today because of their forthcoming Q4 results for FY25.

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Disclaimer: Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities.