Business EconomyPosted at: May 6 2026 6:23PM


Stock market ends on strong note amid buying across sectors

New Delhi, May 6 (UNI) The Indian stock market on Wednesday ended on a strong note amid buying across the sectors barring power and FMCG names.
At close, the Sensex was up 940.73 points or 1.22 percent at 77,958.52, and the Nifty was up 298.15 points or 1.24 percent at 24,330.95.
Broader markets outperformed the benchmark, with the Nifty Mid, Smallcap indices rising nearly 2% each.
The Indian rupee staged a strong recovery in today’s session after hitting a fresh low of 95.43 in the previous session, closing higher by 68 paise at 94.61 against the previous close of 95.29 per dollar.
The overall market capitalisation of BSE-listed firms jumped to Rs 473 lakh crore from below Rs 467 lakh crore in the previous session.
Among the sectors, except power, FMCG, energy, all other sectoral indices ended in the green with auto, media, private bank, PSU Bank, realty, metal, pharma up 1-2%.
On nifty, the key gainers were Interglobe Aviation, Trent, Tata Motors Passenger Vehicles, Shriram Finance, Asian Paints. While on the losing end were ONGC, L&T, Reliance Industries, Power Grid Corp and NTPC.
More than 160 stocks touched their 52-week high on the BSE. These included HFCL, Bank of Maharashtra, Marico, Aditya Birla Capital, Data Patterns, SAIL, Natco Pharma, Adani Green Energy, Vardhman Textiles, Nestle India, Syrma SGS, Cummins, Lloyds Metals, Apar Industries, Kirloskar Oil, J&K Bank, Hitachi Energy, Schneider Infra, among others.
The key OMCs, Bharat Petroleum Corporation and Indian Oil Corporation, advanced 5.5% and 4.6%, respectively. Ather Energy, Vardhman Textiles, and Gallantt Ispat dropped 4.3%, 4.1%, and 3.7%, respectively.
Brent Crude prices crashed 6% to trade near $103 per barrel amid news flows suggesting the Middle East conflict was near its end.
UNI VK RN
Please log in to get detailed story.
Tags: #Stock market ends on strong note amid buying across sectors
More News

Sigma Advanced Systems bags Rs 107 cr export order for artillery shell fuzes

15 May 2026 | 4:35 PM

Hyderabad, May 15 (UNI) Sigma Advanced Systems on Friday announced that it has secured an export order worth USD 11.4 million (approximately Rs 107 crore) from a North American customer for the supply of 90,000 filled fuzes for 155 mm artillery shells.

see more..

Vijay meets top industrial honchos to promote industrial growth, discusses expansion plans , promises full govt support

15 May 2026 | 4:00 PM

Chennai, May1 5 (UNI) Pitching Tamil Nadu as the most preferred EV, investment hubs, Chief Minister C Joseph Vijay on Friday held meetings with top honchos of the industrial firms and a delegation of the Confederation of Indian Industry (CII) in promoting industrial development, investment promotion and expansion plans of various firms and promised full support from his government, including faster clearances and ease of dling businesses.

see more..

Wheels India FY26 Net profit up at Rs 139 cr, Revenues cross Rs 5,000 cr milestone

15 May 2026 | 3:42 PM

Chennai, May 15 (UNI) On the back of an improvement in domestic demand and exports, the revenues of Wheels India Ltd., crossed
the milestone of Rs.5,000 crore in FY26.

see more..

Rupee breaches 96 mark, extends slide to fresh record low

15 May 2026 | 3:18 PM

New Delhi, May 15 (UNI) The Indian rupee breached the 96-mark against the US dollar on Friday, pressured by rising crude oil prices, escalating US-Iran tensions and continued strengthening of the American currency in global markets.

see more..

Fuel prices hike to add to inflation concerns, impact transportation costs

15 May 2026 | 12:22 PM

New Delhi, May 15 (UNI) The central government on Friday increased the retail selling prices of petrol and diesel, effective from Friday. The move is coming first in four years for retail consumers. Further, the price of CNG has also been raised by Rs 2.

see more..