The Indian stock market opened with mild gains but quickly saw declines as the session progressed. The Nifty 50 is currently at 23,997.55, down 0.74% from its opening level of 23,996.95. The Sensex has also slipped, currently at 76,913.50, marking a 0.75% decrease from its opening of 77,014.21. Today’s market sentiment is influenced by the anticipation of election results from West Bengal, which are expected to impact investor behaviour.
Index movements
The Nifty 50 opened at 23,996.95 and reached a high of 24,087.45 before retreating to its current level of 23,997.55. The index touched a low of 23,796.85 during the session. Similarly, the Sensex began at 77,014.21, peaked at 77,254.33, and is now at 76,913.50, having hit a low of 76,258.86. The Bank Nifty is trading at 54,863.35, a slight decline of 0.98% from its opening of 54,880.65, after reaching a high of 55,111.60 and a low of 54,440.25.
Sectoral performance
The Nifty Metal index is the most affected sector, currently at 12,833.05, down 2.12% from its opening of 13,056.00. Other sectoral indices also show declines, with Nifty PSU Bank at 8,482.60, down 1.68%, and Nifty Realty at 793.55, down 1.50%. The Nifty FMCG index has decreased by 1.35% to 51,072.10. On the positive side, the Nifty IT index has gained 0.37%, currently at 29,353.90, indicating some resilience in the technology sector.
Market breadth
Broader market indices reflect a downward trend. The Nifty 100 is at 24,896.00, down 0.84% from its opening of 24,927.20. The Nifty 500 has decreased by 0.82% to 22,683.55. Midcap indices also show declines, with the Nifty Midcap 100 at 59,784.85, down 0.98%, and the Nifty Midcap 50 at 16,882.50, down 0.86%.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 23,996.95 | 24,087.45 | 23,796.85 | 23,997.55 | -0.74% |
| Sensex | 77,014.21 | 77,254.33 | 76,258.86 | 76,913.50 | -0.75% |
| India VIX | 17.44 | 19.48 | 17.19 | 18.46 | +5.85% |
| Nifty Metal | 13,056.00 | 13,056.10 | 12,805.85 | 12,833.05 | -2.12% |
| Nifty PSU Bank | 8,556.40 | 8,556.40 | 8,415.25 | 8,482.60 | -1.68% |
| Nifty Realty | 802.90 | 804.15 | 785.95 | 793.55 | -1.50% |
| Nifty FMCG | 51,723.45 | 51,829.10 | 50,680.10 | 51,072.10 | -1.35% |
| Bank Nifty | 54,880.65 | 55,111.60 | 54,440.25 | 54,863.35 | -0.98% |
| Nifty Midcap 100 | 60,148.90 | 60,156.45 | 59,323.00 | 59,784.85 | -0.98% |
| Nifty Midcap 50 | 16,959.55 | 16,962.35 | 16,741.90 | 16,882.50 | -0.86% |
| Nifty 100 | 24,927.20 | 24,984.80 | 24,688.15 | 24,896.00 | -0.84% |
| Nifty 500 | 22,736.80 | 22,759.00 | 22,498.00 | 22,683.55 | -0.82% |
| Nifty Auto | 25,855.45 | 26,034.00 | 25,441.55 | 25,917.60 | -0.64% |
| Nifty Media | 1,459.05 | 1,467.35 | 1,439.10 | 1,456.00 | -0.52% |
| Nifty Energy | 40,883.35 | 40,898.90 | 40,385.45 | 40,771.90 | -0.46% |
| Nifty IT | 29,287.30 | 29,543.10 | 29,012.70 | 29,353.90 | +0.37% |
| Nifty Pharma | 23,191.95 | 23,375.10 | 23,054.85 | 23,267.70 | +0.03% |
Market outlook
As the day progresses, market participants will be closely watching the election results from West Bengal, which could further influence market trends. Investors are advised to remain cautious and monitor sectoral movements, especially in the metal and banking sectors, which have shown significant volatility. The IT sector’s resilience may provide some support to the overall market sentiment.
Data as on May 4, 2026, 09:30 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.