Market benchmark indices Sensex and Nifty ended lower on Friday (August 7, 2026) after two days of gains, dragged down by bank, financial stocks, and crude oil prices trading above $80 per barrel mark.

The 30-share BSE Sensex dropped 455.59 points, or 0.58%, to settle at 78,499.17. During the day, it tanked 577.69 points, or 0.73%, to 78,377.07.

The 50-share NSE Nifty dipped 65.35 points, or 0.27%, to end at 24,570.65. Intra-day, it declined 113.25 points, or 0.45 per cent, to 24,522.75.

From the Sensex pack, Bajaj Finance tanked 5.90% and Bajaj Finserv was down 4.18%.

ICICI Bank, Trent, Axis Bank, and Asian Paints were also among the laggards.

Tata Consultancy Services, Mahindra & Mahindra, State Bank of India, and Tech Mahindra were among the winners.

Brent crude, the global oil benchmark, dipped 0.35% to $82.20 per barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹17.86 crore on Thursday (August 6, 2026), according to exchange data.

"Indian equity markets ended modestly lower on Friday as renewed uncertainty surrounding the Strait of Hormuz negotiations and broad-based weakness in financial stocks overshadowed an otherwise supportive earnings backdrop.