Nifty Closes Lower at 24,326 and Sensex Dips to 77,844 Amid Market Volatility; Bajaj Holdings Profit Jumps 49%

The Indian equity benchmarks witnessed a highly volatile and completely flat-to-negative trading session on Thursday, May 7, 2026. Reversing some of the massive momentum from the previous day, the NSE Nifty 50 closed slightly lower by 4.3 points at exactly 24,326.65, after heavily fluctuating and failing to sustain higher levels during the mid-day session. Concurrently, the BSE Sensex dropped by 114 points to settle at 77,844.52. Despite global cues showing crude oil prices cooling down on US-Iran ceasefire hopes, domestic investors remained highly cautious. Eicher Motors emerged as the absolute top gainer on the Nifty 50, rising 1.64% to ₹7,430.50, heavily driven by strong export recovery narratives. Conversely, Titan Company was the biggest laggard, falling 1.73%.

The trading day was heavily dominated by a massive slew of Q4 FY26 corporate earnings. Bajaj Holdings & Investment delivered a spectacular performance, reporting a massive 49.3% YoY jump in net profit to ₹2,575 crore and declaring a hefty dividend of ₹130 per share. MRF also showcased highly robust financials, with its quarterly profit surging 37.5% YoY to ₹702 crore, accompanied by a final dividend of ₹229 per share. Other major market heavyweights announcing their Q4 results today included Dabur India, Britannia Industries, BSE Limited, Lupin, and Escorts Kubota. Market analysts heavily advise investors to strictly monitor the crucial 24,300 support zone for the Nifty in the coming sessions as the earnings season peaks.