A360
Key Takeaways✦ Atlas AI
01
Indian shares declined 0.43% (Nifty 50) and 0.48% (Sensex).
02
Oil prices surged above $100/barrel due to U.S.-Iran conflict.
03
Geopolitical tensions heightened market fragility and investor concerns.
Atlas AI
Indian shares fell on Friday, May 8, 2026, as oil prices surged asourceser renewed clashes between the U.S. and Iran in the Middle East, weighing on sentiment in Asia’s third-largest economy.
The Nisourcesy 50 was down 0.43% at 24,222.65 and the BSE Sensex fell 0.48% to 77,484.74 as of 10:23 a.m. IST.
Eleven of the 16 major sectors were trading lower. Brent crude rose above $100 a barrel asourceser the U.S. and Iran exchanged fire on Thursday, denting hopes for a resolution to the conflict.
“Markets have come under pressure due to renewed geopolitical concerns, reflecting fragility in sentiment and vulnerability to Middle East developments,” said Ponmudi R, CEO of Enrich Money.
Stocks in focus
HDFC Bank fell 1.5%, while ICICI Bank and Reliance Industries rose 0.8% each.
Britannia Industries slid 4.5% asourceser multiple brokerages flagged concerns about moderating sales despite the company reporting a rise in March-quarter profit. Analysts at Morgan Stanley cited supply disruptions in the company’s international business linked to the Middle East conflict.
Healthcare services providers Vijaya Diagnostics and Thyrocare Technologies rose 3% and 8%, respectively, asourceser reporting a sharp uptick in quarterly profit.
Thermax climbed 8.3% asourceser reporting a 19% rise in fourth-quarter profit, helped by demand for its industrial heating and cooling products.
Dabur India rose as much as 3.7% asourceser a quarterly profit beat, supported by steady domestic demand and benefits from consumption tax cuts.
