YESBANK surged 4% to ₹21.30, leading Bank Nifty higher, while SOTL jumped 14.73% and EMBDL & MMWL locked in 20% upper circuits as over 50 stocks hit upper bands. However, ENRIN plunged 3.31% in Nifty Next 50, ABAN crashed to a new 52-week low, and multiple counters including SCHNEIDER and ATLANTAELE hit lower circuits.
The market displayed a classic divergent session on May 06, 2026. Strong buying was seen in banking, select mid-caps, and breakout stocks, even as profit booking and selling pressure impacted specific names in Nifty Next 50 and small-caps.
Bank Nifty Top Gainers
- YESBANK (+4%)
- CANBK (+1.85%)
- INDUSINDBK (+1.63%)
- PNB, BANKBARODA, and UNIONBANK posted solid gains.
Nifty Next 50 Losers
- ENRIN (-3.31%)
- UNITDSPR (-2.50%)
- VBL, ABB, and ADANIPOWER also closed in the red.
52-Week Lows
11 stocks hit fresh 52-week lows, led by ABAN (-4.97% at ₹15.49), UBL (-3.68%), and AVROIND.
Upper & Lower Circuits
- Upper Circuits: Over 50 stocks including SOTL (+14.73%), STLTECH (high volume), EMBDL & MMWL (~20%).
- Lower Circuits: Stocks like IBULLSLTD, SCHNEIDER (-4.99%), ATLANTAELE (-5%), and others faced heavy selling.
Key Highlights:
- Banking pack showed strong resilience with broad participation.
- Breakout momentum continued in select stocks with multiple upper circuit hits.
- Selective pressure persisted in realty, power, and small-cap segments.
- Overall market remained mixed with clear rotation visible across sectors.
