Noida, May 4 (APAC Media): Indian equity benchmarks closed higher on Monday, May 4, 2026, extending gains as easing crude oil prices, firm global cues, and selective buying in heavyweight stocks supported sentiment.
Traders said overall market bias remained positive through the session, though volatility persisted at elevated levels.
The BSE Sensex opened firm and climbed nearly 1,000 points during intraday trade to hit the day’s high of around 77,910.
However, profit booking at higher levels trimmed some gains.
The index eventually ended the session higher by about 356 points at 77,269.40. Similarly, the NSE Nifty 50 briefly crossed the 24,250 level during intraday trade before paring gains to close near 24,119, up around 120 points.
Market strength was supported by upbeat global cues, with a fall in crude oil prices easing inflation concerns and boosting risk appetite among investors.
Expectations of stability in geopolitical conditions further bolstered investor confidence. Broader Asian markets also traded on a firm note, lending additional support to domestic equities.
Sector-wise, buying interest was seen in banking, auto, and select PSU stocks, while IT counters came under mild pressure amid concerns over global demand. Broader markets also joined the rally, with mid-cap and small-cap segments participating, indicating widespread market support.
Stock-specific activity remained firm, with notable movements in financial and energy counters. Kotak Mahindra Bank witnessed active trading amid block deal activity, while Adani Power and BHEL advanced on a strong outlook and earnings-related triggers. Conversely, select pharma and media stocks saw mild profit-taking at higher levels.
Overall, the market showed resilience despite intraday volatility. Analysts said sustained foreign institutional inflows, easing crude oil prices, and stable domestic earnings are likely to remain key drivers for the near-term market direction.
However, global uncertainties and fluctuations in currency markets may continue to trigger intermittent volatility in the near term.
With the Nifty sustaining above the 24,000 marks, traders are closely monitoring whether the index can maintain its upward momentum and test higher resistance levels in the upcoming sessions.
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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