Indian stock markets are set to resume trading on Monday, May 4, 2026, following a holiday closure on Friday. According to reports from LiveMint, the Gift Nifty was trading around 24,246.5 level by 7:34 AM, representing a premium of 148.3 points from the Nifty futures' previous close of 24,098.20. Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, noted that Indian markets are poised to begin the week on a firm footing, with Gift Nifty signalling a gap-up opening near the 24,270 mark, well above the previous close of 23,997. The positive carryover reflects improving global sentiment, with Asian markets also trading in the green.
As reported by LiveMint, the Nifty 50 fell by 0.74% to settle at 23,997.55, while the BSE Sensex declined by 0.75% to 76,913.50 on Thursday, April 30. The rupee hit a record low following a rise in crude oil prices and a more aggressive position from the U.S. Federal Reserve. Despite these recent declines, the major domestic market indices had posted some gains in April after a partial recovery from the considerable selloff in March. However, analysts emphasize that while the opening bias is clearly optimistic, the key question remains one of sustainability, as markets continue to operate in an environment where momentum is largely event-driven rather than supported by broad-based conviction.
According to reports from LiveMint, Raja Venkatraman, Co-founder of NeoTrader and stock research platform MarketSmith India, recommended five shares for May 4 trading: Syngene International Ltd (CMP ₹467.65), DCM Shriram Ltd (CMP ₹1,227.50), Deepak Fertilisers & Petrochemicals Corporation Ltd (CMP ₹1,265.25), CCL Products (India) Ltd (CMP ₹1,135), and Tenneco Clean Air India Ltd (CMP ₹622). For Syngene International, the recommendation is to buy above ₹470 with a stop loss at ₹439 and target of ₹520, while DCM Shriram suggests buying above ₹1,230 with a stop loss at ₹1,180 and target of ₹1,340. Deepak Fertilisers is recommended for buying above ₹1,270 with a stop loss at ₹1,220 and target of ₹1,385.
As reported by LiveMint, heavyweights such as Ambuja Cements, Bharat Heavy Electricals Limited, and Tata Technologies are expected to play a pivotal role in shaping sectoral sentiment. Strong performance from Ambuja could reinforce confidence in the cement and infrastructure theme, while BHEL's numbers will be closely tracked as a proxy for capital goods and PSU momentum. Tata Technologies will be key for sentiment in the ER&D and IT space, especially following recent underperformance. Earnings-driven action will be a critical factor to watch in today's session, with the positive carryover from global markets setting the stage for a supportive start to domestic equities.
