India's Nifty, Sensex ease as profit-taking counters oil slide

Godrej Consumer Products

07/05/2026 07:21

** Nifty 50 .NSEI, Sensex .BSESN fall 0.1% and 0.2%, respectively

** Profit-taking following Wednesday's 1.2% rally outweighs optimism over potential U.S.-Iran peace deal

** Nine of 16 major sectors decline; small-caps .NIFSMCP100, mid-caps .NIFMDCP100 rise 0.5% each, suggesting selective risk appetite beyond large-caps

** PSU banks .NIFTYPSU, IT .NIFTYIT fall 0.9% and 0.7%, respectively, after rising 2.8% and 0.6% on Wednesday

** Top-weighted HDFC Bank HDBK.NS drops 1%, pulling back after Wednesday's 3.1% jump

** Brent crude LCOc1 near $102/barrel, steadying after tumbling ~8% on Wednesday on reports U.S. and Iran nearing deal to end war

** Lower crude prices positive for India, world's third-largest oil importer O/R

** Autos .NIFTYAUTO gain 1.5%, helped by post-results rallies in Bajaj Auto BAJA.NS, Mahindra & Mahindra MAHM.NS

** BAJA rises 3.4%, Paytm parent One 97 Communications PAYT.NS climbs 5.5% on upbeat quarterly results

** Godrej Consumer Products GOCP.NS falls 4.7% as investors weigh near-term margin pressure from elevated input costs

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))