Share Market Weekly
- Share.Market
- 3 min read
- 08 May 2026
Highlights
Nifty 50 24,176.15 +0.76%
| Monday | 🔼 0.51% |
| Tuesday | 🔻 0.36% |
| Wednesday | 🔼 1.24% |
| Thursday | 🔻 0.02% |
| Friday | 🔻 0.62% |
What moved the market?
Top Gainers & Top Losers
| Nifty Auto | 🔼 5.18% | Nifty PSU Bank | 🔻 1.30% |
| Nifty Realty | 🔼 3.79% | Nifty Oil & Gas | 🔻 0.82% |
| Nifty Pharma | 🔼 3.62% | Nifty Energy | 🔼 0.06% |
Markets this week
| Nifty Midcap 150 | 22,772.40 (🔼 3.51%) |
| Nifty Smallcap 250 | 17,437.50 (🔼 4.22%) |
| India VIX | 16.84 (🔻8.78%) |
Technical Analysis
The Nifty 50 ended the week up by +0.76%, winning approximately +182.95 points to close at 24,176.15.
- Immediate Resistance: 24,550-24,750
- Immediate Support: 23,750 – 23,850
The Nifty Midcap 150 index closed the week at 22,772.40, marking a weekly gain of +3.45%.
- Immediate Resistance: 23,100 – 23,200
- Significant Support: 22,000 – 21,850
The Nifty Smallcap 250 index closed the week at 17,437.50, witnessing a weekly gain of approximately +4.21%.
For the upcoming sessions:
- Key Resistance Level: 18,000 – 18,200
- Key Support Level: 15,900 – 16,000
This Week’s Spotlight Story
A deep dive into the headline that defined market conversations.
India And Vietnam Elevate Ties To ‘Enhanced Comprehensive Strategic Partnership’
Following a State Visit by Vietnam’s General Secretary and President To Lam from May 5 to May 7, 2026, India and Vietnam have officially elevated their bilateral relations to an “Enhanced Comprehensive Strategic Partnership.” This elevation marks the 10th anniversary of their previous Comprehensive Strategic Partnership. During the visit, Prime Minister Narendra Modi and President To Lam held bilateral talks, resulting in the exchange of multiple documents and an agreement to accelerate the joint Plan of Action for 2024-2028.
To reinforce economic ties, the two nations agreed on a new bilateral trade goal of $25 billion USD by 2030. Both sides will facilitate mutual market access, specifically granting access for Indian Grapes and Vietnamese Durians, while expediting clearances for Indian Pomegranates and Vietnamese Pomelos. The partnership also deepens defence and security cooperation, highlighting an inaugural joint hydrographic survey off the coast of Vietnam and a commitment to co-chair the ADMM-Plus Experts’ Working Group on Cyber Security for the 2027-2030 cycle. Additionally, the leaders agreed to promote linkages for retail payment platforms via QR codes and explore the potential participation of Indian companies in procuring medicines for Vietnamese public healthcare facilities starting in 2027.
That’s a wrap for this week.
As the markets pause to catch their breath, we’ll be back next week with sharper insights and stories to help you invest intelligently.
