Market performance
Indian equity markets ended higher on May 4, 2026, supported by positive global cues and easing concerns around crude oil prices. The Sensex rose over 350 points, while the Nifty stayed above the 24,100 level.
The rally was driven by buying across sectors, especially auto and select domestic-facing stocks. Improved sentiment from global markets and ongoing earnings updates supported the upside, even as crude oil remained volatile.
Index performance
Sensex rose 355.90 points (0.46%) to close at 77,269.40.
Nifty 50 gained 121.75 points (0.51%) to 24,119.30.
Nifty Bank edged up 15.15 points (0.03%) to 54,878.50.
Nifty IT declined 277.80 points (-0.95%) to 29,076.10.
Broader markets outperformed.
Nifty Midcap climbed 374.90 points (0.63%) to 60,159.75.
Nifty Smallcap rose 78.45 points (0.89%) to 8,865.05.
What drove the market move?
Positive global market trends
Asian markets traded higher, while US markets closed mostly in the green, supporting sentiment.
Movement in crude oil prices
Brent crude initially declined, supporting markets, but later moved higher, staying around elevated levels.
Strong buying in auto stocks
Auto stocks led gains, supported by strong monthly sales data from key companies.
Domestic triggers
Ongoing Q4 earnings and early trends from state election results influenced investor sentiment.
Easing geopolitical concerns
Updates around the Strait of Hormuz reduced some near-term uncertainty.
Sectoral performance
Realty and metal indices gained around 1% each.
Financial services also moved higher.
Auto stocks were among the top gainers during the session.
IT and PSU bank indices saw selling pressure and ended lower.
Commodities and Currency
Gold (MCX) declined to ₹1,49,800, down ₹1,552 (-1.03%) (as of 4:03 pm).
Silver (MCX) fell to ₹2,44,444, dropping ₹6,493 (-2.59%) (as of 4:03 pm).
Brent crude traded around $110.40 per barrel after recent volatility.
The Indian Rupee weakened to 95.10 per dollar.
Volatility index
Market volatility declined slightly. India VIX fell by 0.16 points (-0.87%) to 18.30, indicating stable market conditions.
Market takeaway
Monday’s gains reflect support from global cues and domestic buying interest. However, volatility in crude oil prices and currency pressure remain key factors to watch.
Markets will continue to track global developments, crude oil movement and earnings trends for further direction.
Source: Moneycontrol, Business Standard, Google Finance
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