Indian markets are likely to witness a weak start today amid negative global cues. The GIFT Nifty, considered an early indicator for the Nifty 50, was trading at 24,053.50, down 181 points or 0.75%, signaling a gap-down opening for benchmark indices.
On Friday, the 30-share benchmark index ended at 77328.19 down by -516.33 points or by -0.66 % and then NSE Nifty was at 24176.15 down by -150.5 points or by -0.62 %.
On the global front, Asian markets traded mostly lower amid rising geopolitical tensions after US President Donald Trump reportedly rejected Iran’s latest proposal to end the West Asia conflict, pushing oil prices higher. Japan’s Nikkei 225 slipped 0.17%, while Hong Kong’s Hang Seng Index declined 0.51%.
Defying the broader weakness, South Korea’s KOSPI surged 5.05% to touch a fresh high of 7,876.6.
On Wall Street, US markets ended on a positive note on Friday. The S&P 500 gained 0.02%, while the Dow Jones Industrial Average advanced 0.84%. The tech-heavy Nasdaq Composite rose 1.71%.
Back home, Top traded Volumes on NSE Nifty – State Bank of India 48065909.00, HDFC Bank Ltd. 38016841.00, Tata Steel Ltd. 17760366.00, ITC Ltd. 17739844.00, Eternal Ltd. 17618369.00,
On NSE, total number of shares traded was 515.91 Crore and total turnover stood at Rs. 147669.21 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 104128 with a total turnover of Rs. 16792.32 Crore. Along with this total number of contracts traded in stock futures were 1255415 with a total turnover of Rs. 86619.31 Crore. Total numbers of contracts for index options were 84140854 with a total turnover of Rs. 13328944.27 Crore. and total numbers of contracts for stock options were 7490133 with a total turnover of Rs. 557476.01 Crore.
The FIIs on 08/05/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 18672.35 Crore and gross debt purchased stood at Rs. 204.26 Crore, while the gross equity sold stood at Rs. 18692.17 Crore and gross debt sold stood at Rs. 129.18 Crore. Therefore, the net investment of equity and debt reported were Rs. -19.82 Crore and Rs. 75.08