Finance
Stock Market Highlights on Monday, May 4, 2026: The Nifty50 and Sensex fell from their day’s highs as IT and bank sectors weighed amid election-related volatility.
The Nifty50 closed 0.51 percent higher, or 121.75 points, at 24,119.30, while the Sensex closed 0.46 percent higher, or 356 points, at 77,269.40.
At the closing of market hours, vote tallies indicated that the Bharatiya Janata Party (BJP) was on track for a historic victory in West Bengal and Assam. In Kerala, the Congress-led United Democratic Front (UDF) had an advantage, whereas in Tamil Nadu, Tamilaga Vettri Kazhagam (TVK) stole the show by surprising established parties.
In the broader markets, the Nifty MidCap and Nifty SmallCap closed 0.63 percent and 0.70 percent higher, respectively.
Sectorally, the Nifty Realty and Nifty Metal outperformed the benchmark averages. The Nifty IT and Nifty PSU Bank underperformed.
Brent crude fell as much as 2.45% on Monday after US President Donald Trump declared Operation ‘Freedom’, which will secure safe passage for stranded ships in the Strait of Hormuz.
Brent crude’s May contract was trading 0.39 percent down at $107.75 a barrel on the Intercontinental Exchange.
