Stock Market Crash News Today Live Updates: Nifty Falls Below 24,200, Sensex Falls Over 500 Points; HDFC Bank, RIL Top Losers

• Nifty 50 options data showed the highest Call open interest concentration at the 24,500 strike for the weekly expiry, indicating traders expect resistance near that level.
• Fresh Call writing was also highest around 24,500, while Put writers remained active at 24,200 and 24,100 strikes.
• The options chain suggested traders continue to expect a broad 24,200-24,500 trading range in the near term.

• Open interest data since the last expiry showed Nifty 50 total open interest rising 111.39%, led by sharp additions in both call and put contracts.
• Call open interest rose 121.10%, while put open interest climbed 110.34%, signalling elevated derivatives positioning ahead of the weekly expiry.
• Nifty Mid Select and Nifty Fin Service indices also recorded strong growth in open interest during the period.

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• Larsen & Toubro received an order worth Rs 1,000–2,500 crore from BCGCL, according to an exchange filing.
• BCGCL is a joint venture between Coal India and BHEL.

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OnEMI Technology Solutions settled at Rs 191 on the BSE and Rs 190 on the NSE, compared with its issue price of Rs 171.

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• Fairfax India’s unit, FIH Mauritius Investments, launched an open offer to acquire up to 26% stake in IIFL Capital Services at Rs 350 per share.
• The offer covers up to 10 crore shares and could involve a consideration of up to Rs 3,505 crore if fully accepted, according to an exchange filing.
• This follows a Rs 2,000 crore preferential investment announced earlier and could take Fairfax’s total outlay in IIFL Capital to Rs 5,505 crore.

Read the full story here.

• Sources said the Tata Trusts board meeting has been postponed to May 16.
• The agenda was set to include a review of nominees on the Tata Sons board, according to sources.

• PB Fintech shares fell as much as 1.37% to around Rs 1,662.40 in early trade.
• About 4.34 million shares, or 0.94% of the company’s equity, changed hands in a single block deal. Details of the buyers and sellers were not disclosed.

• Telecom regulator Trai proposed fines of up to Rs 50 lakh per quarter on telecom operators for violations in handling customer complaints.
• The draft regulation proposes a penalty of Rs 1,000 for each improperly dismissed complaint and Rs 5,000 for each improperly disposed appeal, subject to a quarterly cap.
• Trai also proposed mandatory complaint registration through operators’ websites, apps and chatbots, with updates to consumers on action taken.

Source: PTI

KPIT Technologies said its Founder and Chairman of the Board, S B (Ravi) Pandit, passed away on the morning of May 8, 2026, in Pune, according to a company statement.

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Nifty fell as much as 0.69% to 24,158, while the Sensex declined up to 553 points, or 0.7%, to 77,921 in early trade.

Nifty traded below the 24,150 mark in pre-open trade, while the Sensex was little changed at 77,915.

The Indian rupee opened weaker against the US dollar, slipping by as much as 33 paise to 94.59 in early trade.

Lenskart saw 59 million shares traded in a block deal, representing about 3.4% of the company’s equity, according to Bloomberg data. Buyers and sellers were not known immediately.

• Oppenheimer Asset Management said supply chains are diversifying away from China, while the US dollar’s role as a reserve currency remains unchanged.
• The firm said central banks are buying gold to hedge against the dollar, with gold prices showing mixed movement over the past two years.
• It said equity markets currently favour buyers and added that fossil fuels remain important for global growth, while negotiations between the US and Iran are likely to succeed.

• Thomas Cook signed a long-term MoU with Vietnam-based Vinpearl, while NTPC agreed to terminate its JV with the Municipal Corporation of Delhi and buy MCD’s 26% stake.
• State Bank of India will consider raising up to $2 billion through long-term funding on May 12, and Punjab & Sind Bank is in focus amid a PSU bank union strike call.
• Zee Entertainment initiated litigation against Jiostar India over music copyright infringement, while Hindustan Copper will consider a QIP and NCD fundraising on May 15.
• PNB Housing Finance saw a credit rating upgrade, Sammaan Capital received RBI approval for its demerger, and UCO Bank revised its lending and G-Sec rates effective May 10.

PB Fintech saw 4.34 million shares traded in a block deal, representing about 0.94% of the company’s equity, according to Bloomberg data. Buyers and sellers were not known immediately.

• HCL Tech saw promoter buying, while Waaree Energies drew attention after commentary from its investor day.
• Hindustan Copper will consider a QIP on May 15, and Pace Digitek received orders worth Rs 702 crore from Damodar Valley Corporation.
• PNB Housing Finance saw a ratings upgrade, Sammaan Capital received RBI approval for its demerger, and Oberoi Realty completed the Horizon Hotel acquisition.
• Lenskart is in focus on expectations of a block deal, while Ramky Infra received a notice from the Registrar of Companies.

• SBI, Titan, Tata Consumer, Hyundai and Swiggy are scheduled to report March quarter earnings.
• OnEMI Technology Solution is set to list on the exchanges.
• US April non-farm payroll data is due later in the day, while the ASEAN Summit begins today.

• Investec upgraded Indigo Paints and Kansai Nerolac to 'Buy' from 'Hold', while raising Asian Paints and Berger Paints to 'Hold' from 'Sell'.
• The brokerage said peak competition may be behind the sector and expects the market share impact on incumbents to moderate.

• Oil prices rose after fresh exchanges between the US and Iran, while President Donald Trump said the ceasefire remains in place.
• Asian markets and US futures traded lower, with the dollar index back above 98.
• Foreign institutional investors remained net sellers in the cash market for a third session, with index futures short positions at 86%.

• BSE reported a net profit of Rs 797 crore in the quarter, up 32.5% from Rs 602 crore in the previous quarter.
• Revenue rose 25.7% to Rs 1,564 crore, while EBITDA increased 43.9% to Rs 1,061 crore, with margins at 67.9% versus 59.3% quarter-on-quarter.
• The exchange said higher index options volumes and transaction charges supported earnings, with index option market share rising to 37.1% in April.

• ABB India, Bank of Baroda, State Bank of India, Swiggy, Tata Consumer Products, Titan Company and Urban Company are among the companies scheduled to report earnings.
• Balkrishna Industries, CreditAccess Grameen, MCX, Orient Electric, Shipping Corporation of India and Ujjivan Small Finance Bank are also on the results list.

• Siddhartha Khemka of Motilal Oswal Financial Services said Indian equity markets may remain sideways in the near term amid uncertainty over West Asia settlement efforts.
• He said FII outflows, rupee weakness and crude oil near $100 per barrel may weigh on sentiment, while domestic earnings and broader market resilience continue to offer support.

• Ponmudi R, CEO of Enrich Money, said Indian equity markets remain sensitive to news flow as US-Iran tensions near the Strait of Hormuz weigh on sentiment.
• He said crude oil prices have moved back to the $95–99 per barrel range, while FII selling and DII buying remain key factors for local equities.

• Brent crude futures for July delivery rose 2.26% to $102.32 per barrel.
• West Texas Intermediate futures for June delivery gained 2.06% to $96.76 per barrel.

• The US and Iran exchanged fire in the Strait of Hormuz, with both sides saying the other initiated the attack.
• US President Donald Trump said the ceasefire remained in effect after the exchange.
• Trump said Iran would face further attacks if it does not agree to a nuclear deal.

Catch all the live updates on US-Iran war here.

• Asian markets traded lower after the US and Iran exchanged fire in the Strait of Hormuz, with both sides saying the other side started the attack.
• Australia’s ASX 200, Hong Kong’s Hang Seng, South Korea’s Kospi, Japan’s Nikkei 225 and Shanghai Composite declined between 0.17% and 1.55%.
• US President Donald Trump said the ceasefire remained in effect after the exchange.

GIFT Nifty traded at 24,282, compared with Thursday’s Nifty 50 close of 24,326.65, indicating a lower start for Indian equity markets.