The Indian stock market witnessed positive momentum on 4th May 2026, with both the Nifty 50 and Sensex indices trading higher. The Nifty 50 climbed to 24,218.65, marking a 0.92% increase from its opening level of 24,063.55. Meanwhile, the Sensex rose by 0.95% to reach 77,645.77, up from its opening of 77,257.27. Market sentiment was buoyed by early trends in the West Bengal elections favouring the BJP, aligning with market expectations, although profit booking in auto stocks limited further gains.
Index movements
The Nifty 50 experienced a day of fluctuations, reaching an intraday high of 24,290.20 and a low of 24,061.85. The Sensex also showed volatility, with its highest point at 77,910.75 and a low of 77,229.89. The Bank Nifty index followed suit, opening at 54,937.90 and advancing to a current level of 55,360.35, a 0.91% rise, after hitting a high of 55,602.30 and a low of 54,929.60.
Sectoral performance
The Nifty Realty index emerged as the top sectoral gainer, climbing 2.40% to 812.60 from its opening of 800.45. The Nifty FMCG and Nifty Metal indices also posted gains, rising by 1.55% and 1.38%, respectively. On the downside, the Nifty Media and Nifty IT indices faced declines, with the former dropping 0.80% to 1,444.40 and the latter decreasing by 0.59% to 29,180.55.
Market breadth
The broader market indices reflected a positive trend, with the Nifty 100 and Nifty 500 indices gaining 0.99% and 0.97%, respectively. The Nifty Midcap 100 and Nifty Midcap 50 indices also saw upward movement, increasing by 0.85% and 0.80%. These movements indicate a generally positive market breadth, despite some sectoral weaknesses.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 24,063.55 | 24,290.20 | 24,061.85 | 24,218.65 | +0.92% |
| Sensex | 77,257.27 | 77,910.75 | 77,229.89 | 77,645.77 | +0.95% |
| Nifty Realty | 800.45 | 812.65 | 800.45 | 812.60 | +2.40% |
| India VIX | 18.46 | 18.46 | 16.75 | 18.10 | -1.95% |
| Nifty FMCG | 51,383.00 | 51,894.30 | 51,359.75 | 51,863.20 | +1.55% |
| Nifty Metal | 12,911.15 | 13,025.45 | 12,899.95 | 13,009.85 | +1.38% |
| Nifty Auto | 26,133.50 | 26,496.65 | 26,065.10 | 26,229.85 | +1.20% |
| Nifty Pharma | 23,371.30 | 23,544.65 | 23,296.10 | 23,536.00 | +1.15% |
| Nifty PSU Bank | 8,495.50 | 8,637.95 | 8,495.45 | 8,574.10 | +1.08% |
| Nifty 100 | 24,973.70 | 25,191.70 | 24,973.45 | 25,142.65 | +0.99% |
| Nifty 500 | 22,783.80 | 22,948.10 | 22,783.50 | 22,904.30 | +0.97% |
| Bank Nifty | 54,937.90 | 55,602.30 | 54,929.60 | 55,360.35 | +0.91% |
| Nifty Midcap 100 | 60,235.50 | 60,481.20 | 60,081.40 | 60,292.05 | +0.85% |
| Nifty Midcap 50 | 17,002.50 | 17,085.50 | 16,967.70 | 17,017.95 | +0.80% |
| Nifty Media | 1,462.60 | 1,467.00 | 1,438.15 | 1,444.40 | -0.80% |
| Nifty IT | 29,606.50 | 29,664.50 | 29,133.70 | 29,180.55 | -0.59% |
| Nifty Energy | 40,936.70 | 41,176.15 | 40,860.25 | 40,948.20 | +0.43% |
Market outlook
As the session progresses, the Indian stock market remains cautiously optimistic. The early election trends in West Bengal have provided a supportive backdrop, but investors are advised to monitor the ongoing profit booking in specific sectors like auto. The market’s ability to sustain gains at higher levels will be crucial in determining the near-term direction. Observers will also be keen to see if the positive momentum can be maintained in the coming days amid global and domestic developments.
Data as on May 4, 2026, 11:00 AM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.