Trade Setup for Today: Key Things to Know Before the Opening Bell on May 8, 2026
GIFT Nifty futures indicate a subdued start, down 30 points at 24,261. Global markets present mixed signals with Dow Jones declining 0.63% while S&P 500 futures gained 0.15%. Asian markets faced broad selling pressure with Nikkei down 0.87% and Hang Seng falling 1.07%. Commodity strength emerged as crude oil surged 1.08% to $95.83 and gold gained 0.36%. FIIs continued selling at ₹340.89 crores while DIIs provided support with ₹441.07 crores inflow. Key earnings today include SBI, Swiggy, Titan, and ABB across multiple sectors. USD/INR remained stable at 94.24.
*this image is generated using AI for illustrative purposes only.
Global markets present a mixed picture as traders prepare for another session, with commodity strength offsetting concerns in Asian indices. Here's what's shaping market sentiment ahead of today's trading.
GIFT Nifty Update
| Metric | Value |
|---|---|
| Current Price | 24,261.00 |
| Change | -30.00 (-0.12%) |
| Previous Close | 24,291.00 |
| Day Range | 24,251.50 - 24,327.50 |
GIFT Nifty futures are trading marginally lower, indicating a subdued start for domestic indices. The modest decline suggests consolidation after recent moves.
US Markets
American indices closed with mixed performance overnight:
| Index | Price | Change |
|---|---|---|
| Dow Jones | 49,617.98 | -313.62 (-0.63%) |
| NASDAQ | 25,821.54 | -38.40 (-0.15%) |
| S&P 500 E-Mini | 7,374.25 | +11.25 (+0.15%) |
The Dow faced selling pressure while tech-heavy NASDAQ saw relatively smaller losses. S&P 500 futures managed to close in positive territory, reflecting selective buying interest.
Asian Markets
Asian indices showed weakness during overnight trading:
| Index | Price | Change |
|---|---|---|
| Nikkei 225 | 62,288.05 | -545.79 (-0.87%) |
| Hang Seng | 26,341.50 | -284.79 (-1.07%) |
| FTSE 100 | 10,276.95 | -161.75 (-1.55%) |
Broad-based selling was evident across major Asian markets, with the Hang Seng leading declines amid regional concerns.
Commodity Trends
Commodities displayed mixed signals with energy leading gains:
| Commodity | Price | Change |
|---|---|---|
| Crude Oil (USD) | $95.83 | +$1.02 (+1.08%) |
| Gold Futures (USD) | $4,727.90 | +$17.00 (+0.36%) |
| Silver Futures (USD) | $80.24 | +$0.06 (+0.07%) |
| Natural Gas (USD) | $2.78 | +$0.02 (+0.54%) |
| Copper (USD) | $6.16 | -$0.02 (-0.25%) |
Energy commodities showed strength with crude oil posting solid gains, while precious metals maintained their upward momentum. Industrial metals like copper faced minor pressure.
Currency Updates
| Pair | Rate | Change |
|---|---|---|
| USD/INR | 94.24 | Unchanged |
| EUR/USD | 1.1730 | +0.0006 (+0.05%) |
The rupee remained stable against the dollar, while the euro gained marginally against the greenback.
FII/DII Activity
Institutional flows showed contrasting patterns:
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| May 7, 2026 | -340.89 | +441.07 |
| May 6, 2026 | -5,834.90 | +6,836.87 |
| May 5, 2026 | -3,621.58 | +2,602.62 |
Foreign investors continued their selling streak, though at a reduced pace, while domestic institutions maintained their buying support, providing market stability.
Block Deals
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| SoftTech Engineers | Elimath Advisors Pvt Ltd | Fedex Finance Pvt Ltd | 22,46,998 | 408.00 |
Latest Update for SoftTech Engineers
SoftTech Engineers has been actively expanding its digital infrastructure solutions. The company recently collaborated with NHEV to launch India's first single-window approval system for the EV ecosystem on national highways. Additionally, the firm partnered with Maharashtra government and BMC to create India's first electronic TDR trading exchange platform, serving over 18,000 registered developers. The company reported strong Q3FY26 performance with 50% revenue growth and 3.4X operational PAT increase.
Key Corporate Actions Today
Several major companies are scheduled to announce quarterly results today, including:
Banking Sector: State Bank of India, Bank of Baroda, Bank of India, Central Bank of India
Consumer & Retail: Swiggy, Titan, Tata Consumer Products, Vedant Fashions
Industrial & Infrastructure: ABB, Hyundai Motor India, JSW Infrastructure, MCX
Dividend Announcements: NALCO (₹2.00), Somany Ceramics (₹4.00), Sundram Fasteners (₹4.25), Laurus Labs (₹1.20)
Today's session may see stock-specific movements based on quarterly earnings announcements across various sectors. The combination of mixed global cues, stable institutional flows, and significant corporate results could lead to selective trading opportunities while overall market direction remains influenced by broader sentiment and commodity price movements.
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