Global Shock to Share Market

Indian equity benchmarks closed with losses of more than 0.6 percent on May 8 after a weak opening session. Market breadth remained negative, with nearly 1,680 shares declining compared to 1,274 advancing stocks on the NSE. Investor sentiment stayed cautious amid global uncertainty and ongoing discussions surrounding the US-Iran deal.

Analysts expect the market to remain within the previous week’s trading range until there is further clarity on international developments. Stocks such as Goodluck India, CreditAccess Grameen, Sun Pharma, Gravita India, and Ratnamani Metals are expected to remain in focus for short-term trading opportunities.