May 7, 2024 Market Recap: Hindustan Unilever (HUL), Tech Mahindra (TECHM), Bajaj Auto (BAJAJ-AUTO), and Power Grid Corporation Of India (POWERGRID) Lead Active Stocks

• The Nifty closed at 22442.7, down by 0.62% for the day, while the Sensex ended 0.52% down at 73895.54.
• The Nifty Midcap 50 and the Nifty small cap 100 also underperformed, closing 2.0% and 1.89% down respectively.
• Top gainers in the Nifty index included Hindustan Unilever and Tech Mahindra, while Bajaj Auto and Power Grid Corporation Of India were among the top losers.

Indian stock market indices Nifty and Sensex closed lower on May 7, 2024, with underperformance noted in midcap and small cap stocks. Top gainers and losers across indices are also discussed in detail.

Nifty and Sensex Performance

The Nifty ended the trading day at 22442.7, marking a 0.62% decline. The index fluctuated between a high of 22499.05 and a low of 22232.05 throughout the day. The Sensex traded between 74026.8 and 73259.26, finally closing 0.52% down at 73895.54, which was 383.69 points below the opening price.

Performance of Midcap and Small Cap Stocks