The domestic market started the session with strong gains on Monday (May 4, 2026). Amid the state assembly election results and falling crude oil prices, the market mood remains positive. Early on, the Sensex jumped 645 points, while the Nifty gained 180 points. Bank Nifty saw a gain of 300 points. Maruti shares gained 4%, while Kotak Bank shares slipped 5%. Talking about market triggers, the results of assembly elections in five states are due today; On the other hand, strong global cues—including a sharp decline in crude oil prices and US markets trading at record highs—are supporting the market. Apart from this, the ongoing earnings season, FII-DII inflows, auto sales figures, and various corporate updates will decide the market direction today. Before the markets open, here are the top 10 key market triggers to watch today.
Market’s focus on election results
The results of assembly elections in five states—including West Bengal, Assam and Tamil Nadu—will be declared today. Counting of votes is scheduled to begin at 8:00 am. The market’s focus will be especially on the results from West Bengal, as the results there can cause significant fluctuations in share prices.
Big fall in crude oil in two days
Crude oil prices have seen a sharp decline amid rising expectations of talks between the US and Iran. Brent crude has fallen about 8.5% in the past two days, reaching around $108 a barrel. Additionally, OPEC+ has decided to increase production, reducing concerns about supply shortages.
New updates on Iran-US tension
Iran has submitted a 14-point peace proposal to the US, which aims to end the conflict. However, President Trump is still not completely convinced at this stage. Meanwhile, the US has announced the launch of ‘Project Freedom’ to help rescue ships stuck in the Strait of Hormuz.
strong global signals
GIFT Nifty is trading around the level of 24,250, which shows a gain of about 150 points. Dow futures are trading flat, while markets in China and Japan are closed today. US markets set new records on Friday, with the Nasdaq and S&P 500 closing at new highs.
Tremendous rise in gold and silver
In the commodity market, silver jumped by ₹12,700 in two days to close to ₹2.51 lakh. At the same time, gold rose by ₹ 2,300 and closed above ₹ 1.51 lakh.
Heavy selling by FIIs continues
Foreign investors continued selling in the cash market for the ninth consecutive day. On Friday, FIIs made cash sales of ₹8,047 crore, while total net sales stood at ₹11,677 crore. Domestic institutional investors (DIIs) bought ₹3,487 crore.
*Relief in AGR dues to Vodafone Idea
Vodafone Idea has received relief regarding its AGR dues. The Department of Telecommunications has reduced the company’s liability by 27% to ₹64,046 crore. The company will have to repay this amount in two installments over the next 10 years, starting from 2032.
Movement in stocks during earnings season
Kotak Bank presented better results than expected. In contrast, Adani Enterprises’ performance remained weak. D-Mart’s operating performance was better than expected, while CDSL’s results were lackluster.
Results of 10 companies today
In the F&O segment, 10 companies are scheduled to release results today, including AB Capital, Ambuja Cement, CAMS, Exide, KEI Industries, BHEL and Manappuram. In anticipation of the results, there may be a big movement in the prices of these shares.
Mixed auto sales figures
Auto sales data for the month of April presented a mixed picture. Sales of M&M, Maruti, Escorts and Tata Motors (CV division) were strong, while the numbers of Eicher Motors, Tata Motors (PV division), Hero MotoCorp, TVS Motor and Hyundai were weak.
