The domestic market session on Monday (May 4, 2026) was positive. The market showed a bullish trend, and the main indices closed in the green. The Sensex closed 355.9 points—or 0.46%—at 77,269, while the Nifty 50 jumped 121.75 points to 24,119. There was relative sluggishness in banking stocks, due to which Nifty Bank closed almost flat at 54,878. In contrast, the broader market saw strong buying; Nifty Mid Select gained 0.75% and Nifty Smallcap gained 0.70%.
Rise in shares related to West Bengal
Due to the impact of the assembly election results, there was a lot of buying interest in the shares of selected listed companies related to West Bengal. Park Hotels jumped 4.7%, CESC gained 3.4%, PCBL Chemical climbed 6%, and Vishal Mega Mart gained 2%.
In Nifty 50, Adani Ports was the best performing stock, rising about 4.81%. Apart from this, Eicher Motors gained 3.06%, Shriram Finance gained 2.30%, and HUL also saw good gains. On the other hand, among the stocks that came under pressure, Bharti Airtel was the biggest loser, falling 3.28%. Kotak Bank, Dr Reddy’s and ONGC also showed weakness.
Market stir due to results and news
After the announcement of earnings data, there was sharp movement in select stocks. Buoyed by strong financial results, Dr Lal PathLabs surged a whopping 15%, while BHEL gained 6%. On the contrary, Avenue Supermarts (DMart) slipped 5%, and GRSE declined 6% due to sluggish market reaction. Among stocks affected by the special news, Valor Estate gained a strong 20%. Bombay Dyeing jumped 10%, while KP Green Engineering and Adani Enterprises also saw strong buying. There was strong movement in the real estate sector, in which stocks like Raymond Realty, Anant Raj, DLF and Smartworks Coworking Spaces registered gains.
The top gainers in the overall market included CemIndia Projects, Innova Captab, Epigral and Ujjivan Small Finance Bank. On the contrary, KSB, Kajaria Ceramics, Sapphire Foods and CEAT were the biggest losers today.
The market environment remains positive due to the results of state assembly elections and fall in crude oil prices. The market gained momentum in the early hours of trading as trends suggested that the BJP was going to get a big victory in West Bengal. By around 12:25 pm, the Sensex was up by over 400 points. Nifty gained 135 points, and the index was trading above the 24,100 level.
In today’s trading session, Nifty crossed its 50-DMA (24,110); However, it faced resistance at 24,300 levels. Nifty Bank is trading above its last session’s high, although it looks like it is facing some resistance at last week’s low (55,400). Realty stocks are witnessing a strong rise in today’s session, with stocks like Anant Raj, Godrej Properties, Lodha Developers and DLF gaining 2–4%. FMCG stocks also saw significant gains, with strong buying seen in stocks like HUL, Emami, Colgate and Dabur.
