Indian equity benchmark indices, the Sensex and Nifty, opened gap up on Wednesday, May 6, 2026, amid strong global cues as oil prices eased after President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation. While the 30-share BSE Sensex surged 406.57 points or 0.52 per cent to start the session at 77,424.36, the Nifty added 138.2 points to open at 24,171. In the last trading session, the Sensex closed at 77,017.79 and the Nifty 50 at 24,032.80. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index zoomed 194.04 points, the BSE Smallcap Select Index jumped 81.89 points or 0.99 per cent, to trade at 8,331.21.
In early trade, market breadth was positive, with 2,036 stocks advancing against 563 stocks declining on the NSE. 69 stocks remained unchanged.
What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a gap up start as it opened with a gain of 111.5 points at 24,221, compared to the previous close of 24,109.50. Foreign Institutional Investors (FIIs) reverted to net sellers in the previous session and sold equities worth Rs 3,621.58 crore on April May 5. Domestic Institutional Investors (DIIs) remained strong buyers with inflows of Rs 2,602.62 crore.
Asian Markets Today
Asian markets hit fresh record highs after US stock market rose to records after oil prices eased.
