Nifty 50 Weekly Recap May 4 to 8, 2026 — Index Gains 0.86 Percent, Defence and Midcap Lead

Week in Real Numbers (May 4–8, 2026)

• Nifty 50 (Thu May 8 close): 24,326.65 (-0.02% on day)
• Monday May 4 close: 24,119.30
• Weekly gain: ~207 points (+0.86%)
• Sensex (Thu May 8): 77,844.52 (-0.15%)
• Bank Nifty (Thu May 8): 56,047.40 (+0.12%)
• Nifty Midcap 100: 62,003.15 — all-time high close on May 7 (intraday high: 62,094.40)
• Nifty Smallcap 100: 18,695.65 (+0.87% on May 7)
• India VIX: Below 17
• Nifty 52-week high: 26,373.20 (January 5, 2026)
• Nifty 200-day MA: ~23,776 — index well above

Recovery from April Lows

Nifty hit lows ~22,180 in April 2026 during the Strait of Hormuz oil shock. Recovery from those lows to Thursday’s 24,326: approximately 6.5–9.7% in under four weeks.

Best and Worst Performers

Best YoY: HINDALCO (+63.67%). Best this week: Polycab (+6.3%), BEL, GRSE, Bajaj Auto, Paytm.

Worst YoY: TCS (-29.61%). Weak this week: Kotak Bank on NIM compression.

FII vs DII Activity

FIIs net sellers Rs 5,834.90 crore on May 7 (provisional NSE data). DIIs consistent net buyers throughout — cushioning declines.

Key Levels for Next Week (May 11–15)

• Nifty Resistance: 24,500 → 24,600 (major) → 25,000 (psychological)
• Nifty Support: 24,000 (must hold) → 23,800 → 23,600
• Bank Nifty Resistance: 56,334 → 57,000
• Bank Nifty Support: 55,600 → 55,000 → 54,400

All figures from NSE/BSE as of Thursday May 8, 2026. Not investment advice. Read our Disclaimer.