Nifty trades above 24,150 mark; realty shares advance

by Hansraj Agrawal | May 4, 2026 | Share Market

Headline equity benchmarks traded with substantial gains in the morning trade, as investors tracked state election results across Assam, Kerala, Puducherry, Tamil Nadu, and West Bengal, along with movements in crude oil and developments in the West Asia conflict. Elevated Brent crude prices, driven by tensions around the Strait of Hormuz, remain a key concern for inflation and the rupee, while corporate earnings present a mixed outlook. Meanwhile, the Nifty climbed above the 24,150 mark. Realty shares rallied after declining in the past trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex jumped 505.87 points or 0.66% to 77,419.37. The Nifty 50 index rallied 154.10 points or 0.64% to 24,152.20.

In the broader market, the BSE 150 MidCap Index surged 0.86% and the BSE 250 SmallCap Index soared 0.94%.

The market breadth was weak. On the BSE, 2,620 shares rose and 1,275 shares fell. A total of 245 shares were unchanged.

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, declined 1.57% to 18.17.

Earnings Today:

Bharat Heavy Electricals (up 3.32%), Ambuja Cements (down 0.27%), Aditya Birla Capital (up 2.26%), Jindal Stainless (up 1.88%), Godrej Properties (up 3.11%), KEI Industries (up 1.58%), Petronet LNG (up 0.69%), Ather Energy (down 0.54%), Exide Industries (up 2.55%), Manappuram Finance (up 4.01%), Tata Technologies (up 0.44%), Wockhardt (up 2.20%), Tata Chemicals (up 1.01%), Aarti Industries (up 1.27%), Computer Age Management Services (up 0.67%), Sobha (up 2.10%), Jaiprakash Power Ventures (down 0.15%), Jyothy Labs (up 2.64%), IIFL Capital Services (down 0.19%), SG MART (up 1.58%), CSB Bank (up 1.10%), Nacl Industries (up 1.08%), Quess Corp (up 6.57%), Antelopus Selan Energy (down 0.43%), Indokem (up 5%), Oriental Hotels (up 2.44%), Krishival Foods (down 0.29%), South West Pinnacle Exploration (up 4.10%), Shiva Cement (up 1.28%), De Nora India (down 0.01%), Nath Bio-Genes (down 0.10%), Shera Energy (up 6.38%), Atvo Enterprises (down 0.08%), Kothari Sugars and Chemicals (up 1.98%), Infinity Infoway (up 7.54%), Desco Infratech (up 2.40%), SNL Bearings (up 2.46%), Key Corporation (up 2.35%), Nalin Lease Finance (down 2.57%), Southern Magnesium and Chemicals (down 3.45%), Thakral Services (India) (down 4.98%), Accord Synergy (down 4.96%), Suryo Food and Industries (up 1.90%), Sungold Media and Entertainment (down 4.98%) and Vivanza Biosciences (down 2.90%) will declare their results later today.

2026 Assembly Polls: Vote Counts Underway in 5 States

Vote counting for assembly elections in Assam, Tamil Nadu, West Bengal, Kerala, and Puducherry began at 8:00 AM IST today, 4 May 2026. Early trends at around 10:00 AM indicate BJP leading in approximately 24 seats in West Bengal against TMC’s 6, and ahead in 56 seats in Assam versus Congress’s 12. In Tamil Nadu, DMK holds leads in 15 seats including Kolathur, with AIADMK at 5 and TVK at 2; Kerala shows UDF ahead in 5 seats; Puducherry has AINRC leading in 1. Trends derive from initial postal ballots and are subject to change; full results will appear on the ECI portal.

Buzzing Index:

The Nifty Realty index surged 1.88% to 808.50. The index fell 1.50% in the past trading session.

Anant Raj (up 4.52%), Godrej Properties (up 2.99%), Sobha (up 2.88%), DLF (up 2.11%), Prestige Estates Projects (up 2.02%), Lodha Developers (up 1.84%), Aditya Birla Real Estate (up 1.33%), Phoenix Mills (up 1.27%), Oberoi Realty (up 1.01%) and Brigade Enterprises (up 0.82%) advanced.

Stocks in Spotlight:

Avenue Supermarts (DMart) slipped 3.85%. The company reported a 19.18% increase in consolidated net profit to Rs 656.59 crore in Q4 FY26, compared to Rs 550.90 crore in Q4 FY25.

Bajaj Auto rallied 3.27% after the company reported a 40% increase in total auto sales to 5,13,792 units in April 2026, compared with 3,65,810 units sold in April 2025.

Escorts Kubota added 1.68% after the company reported a 24.4% year-on-year increase in tractor sales for April 2026, with total volumes rising to 10,857 units compared to 8,729 units in April 2025.

Adani Ports and Special Economic Zone gained 3.37% after the company announced that it has handled 43.1 million metric tons (MMT) of total cargo in April 2026, which is higher by 15% on a year-on-year (YoY) basis.

Steel Strips Wheels (SSWL) rose 1.83% after the company reported a net turnover of Rs 500.85 crore for April 2026, marking an 18.09% year-on-year (YoY) increase compared to Rs 424.11 crore recorded in April 2025.

SML Mahindra shed 0.59%. The company said that it had sold 1,741 units in April 2026, registering a growth of 15% from 1,512 units sold in the same period last year.

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SSWL gains after reporting 18% YoY rise in net turnover for April 2026

by Hansraj Agrawal | May 4, 2026 | Share Market

Steel Strips Wheels (SSWL) added 1.18% to Rs 215.05 after the company reported a net turnover of Rs 500.85 crore for April 2026, marking an 18.09% year-on-year (YoY) increase compared to Rs 424.11 crore recorded in April 2025.

The companys gross turnover rose 12.10% to Rs 581.82 crore in April 2026, up from Rs 519.02 crore posted in the same month last year.

In value terms, the 2- & 3-wheeler segment grew 36% YoY, while the tractor segment rose 30% YoY. The alloy wheel segment increased 22% YoY and the truck segment gained 13% YoY. Meanwhile, the passenger car and export segments declined 12% and 35% YoY, respectively.

In volume terms, the 2- & 3-wheeler segment rose 33% YoY, the tractor segment increased 27% YoY, and the alloy segment grew 15% YoY. The truck segment rose 4% YoY, while the passenger car and export segments fell 9% and 72% YoY, respectively.

Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas.

Steel Strips Wheels (SSWL) reported a 2.30% year-on-year (YoY) decline in consolidated net profit to Rs 46.61 crore in Q3 FY26, compared with Rs 47.71 crore posted in Q3 FY25. However, revenue from operations jumped 22.90% YoY to Rs 1,320.81 crore for the quarter ended 31 December 2025.

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Stock Market LIVE: GIFT Nifty up 100 pts; traders await West Bengal & Kerala election results

by Hansraj Agrawal | May 4, 2026 | Share Market

Sensex Today | Stock Market LIVE Updates, Monday, May 4, 2026: The GIFT Nifty indicated that the benchmark Nifty50 index may open higher, tracking gains in Asian peers and low oil prices. The futures were quoted at 24,236.50, up 138 points.

Asia-Pacific share indices advanced in early trade on Monday, with South Korea’s Kospi scaling a fresh high as oil prices fell. Strong earnings reports from Wall Street technology firms also added to the positive sentiment.
The Kospi and the Hang Seng were trading 3.45 per cent and 1.89 per cent higher, respectively.

On Friday, the S&P 500 and the Nasdaq Composite ended 0.29 per cent and 0.89 per cent higher, as traders parsed earnings from Apple Inc and Caterpillar, looking past a hotter-than-expected inflation data and ongoing US-Iran tension.

Brent crude erased losses and was trading 0.06 per cent higher at $108.24 per barrel on the Intercontinental Exchange.

The Gold and Silver futures were trading 0.41 per cent and 0.25 per cent down, respectively.

Q4 results today

Aarti Industries, Aditya Birla Capital, Ambuja Cements, Ather Energy, Bharat Heavy Electricals, Computer Age Management Services, CSB Bank, Exide Industries, Godrej Properties, IIFL Capital Services, Jaiprakash Power Ventures, Jindal Stainless, Jyothy Labs, KEI Industries, Manappuram Finance, NACL Industries, Petronet LNG, Quess Corp, SG Mart, Sobha, Tata Chemicals, Tata Technologies, Wockhardt, Aarti Industries, Aditya Birla Capital, Ambuja Cements, Ather Energy, Bharat Heavy Electricals, Computer Age Management Services, CSB Bank, Exide Industries, Godrej Properties, IIFL Capital Services, Jaiprakash Power Ventures, Jindal Stainless, Jyothy Labs, KEI Industries, Latent View Analytics, Manappuram Finance, NACL Industries, Petronet LNG, Quess Corp, SG Mart, Sobha, Tata Chemicals, Tata Technologies, and Wockhardt will release their fourth-quarter results.

IPO Today

OnEMI Technology Solutions’ initial public offer will enter its second day of subscription on Monday. The issue was subscribed 0.25 times on the first day. The company is seeking to raise ₹925.92 crore from the primary market.

Value 360 Communications IPO will enter the final day of subscription. It’s a book-build issue of ₹41.69 crore.

Bagmane Prime Office IPO will open for subscription on Monday. The company is aiming to raise ₹3,405.00 from the IPO.

Similarly, Recode Studios IPO will also open for subscription. It’s a book-build issue of ₹44.59 crore.

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Asian stocks inch higher, oil steady amid uncertainty in West Asia

by Hansraj Agrawal | May 4, 2026 | Share Market

Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the West Asia conflict at the start of a week packed with earnings and key economic data.

President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning, but gave no details of the plan.

A statement from Central Command said support would include guided-missile destroyers, ‌over 100 land and sea-based aircraft and 15,000 service members.

Iran earlier said that the US had responded to its 14-point proposal via Pakistan and that it was reviewing the response, though Trump said it was unlikely to be acceptable.

Brent crude futures were flat at $108.30 per barrel, having recovered from an initial drop of more than 2 per cent, while US crude was steady at $102.01.

Dealers noted a bulk carrier had reported being attacked by multiple small craft while transiting Iran’s Sirik on Sunday, and it was not clear how many ships would try and run the Strait of Hormuz even with Navy protection.

A holiday in Japan made for thin trading conditions, leaving Nikkei futures up only modestly at 59,630 versus a cash close of 59,513. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6 per cent, while South Korean stocks returned from holiday with a jump of 2.6 per cent.

EUROSTOXX 50 futures and DAX futures each added 0.1 per cent, while FTSE futures dipped 0.4 per cent.

S&P 500 futures and Nasdaq futures were little changed, as markets braced for more than 100 ‌earnings reports this week. Companies reporting include Advanced Micro Devices, Super Micro Computer Inc, Palantir, Walt Disney and McDonald’s.

The S&P 500 EPS growth rate was running at 25 per cent, and accounting for one-off gains at a still brisk 16 per cent, said analysts at Goldman Sachs in a note.

“Despite elevated energy prices and geopolitical uncertainty, corporate guidance and analyst estimate revisions have remained strong so far this quarter,” they said. “However, the reward for EPS beats has been unusually small.”

Central banks warn of inflation risks

Concerns remained about the scale of AI capex investment which was now up at $751 billion for 2026, $80 billion above estimates at the start of the earnings season and 83 per cent above spending in 2025.

The threat of oil-driven inflation had also lifted bond yields in a challenge to equity valuations, while several major central banks had turned hawkish on policy.

Markets implied just 2 basis points of easing from the Federal Reserve by year-end compared to 11 ‌basis points a week ago. Expectations for the European Central Bank had climbed to 76 basis points of hikes, with the Bank of England on 63 basis points.

Australia’s central bank meets on Tuesday and is considered likely to hike its cash rate for a third time running as it battles stubborn ‌inflationary pressures.

The outlook for Fed policy could be budged by a raft of data this week which includes the payrolls report for April on Friday. Median forecasts ‌are for a rise of 60,000 in jobs following March’s outsized 178,000 gain, though problems with seasonal adjustment make for much uncertainty.

Analysts at Citi, for instance, are predicting a 15,000 drop in payrolls, and a rise in unemployment to 4.3 per cent.

In currency markets, the dollar was a shade softer ‌as investors waited for more developments in the West Asia and, crucially, whether the Strait of Hormuz could be opened.

The dollar was off 0.1 per cent at 156.94 yen, still smarting from last week’s Japanese intervention which analysts thought could have amounted to around $35 billion.

The euro was flat at $1.1723, while the ‌pound held at $1.3575 ahead of local elections in the UK which could see heavy losses for the ruling Labour Party.

In commodity markets, gold was 0.2 per cent lower at $4,603 an ounce, and well within recent trading ranges.

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Stocks to Buy Today: Analyst bets on Bharat Seats, Vishnu Chemicals, Kingfa among top trading ideas

by Hansraj Agrawal | May 4, 2026 | Share Market

Stocks to buy today, May 4: Aakash Shah Recommendations

Bharat Seats

Buy BHARATSE in Cash at ₹187.25 | Stop-loss: ₹175 | Target price: ₹205

Bharat Seats is showing a fresh breakout setup after a prolonged consolidation phase, currently trading near ₹187.25. The stock has recently moved above a descending resistance trendline formed from earlier swing highs, indicating that sellers are gradually losing control and buyers are stepping back in.

From a technical standpoint, the stock is holding firmly above its key EMA levels, which reflects a strong underlying trend. The alignment of moving averages suggests that momentum remains in favour of the bulls, while RSI near the 60 zone indicates improving strength without being overbought. The recent breakout structure points towards potential upside targets near 205 in the near term, where previous supply zones are placed. Strong follow-up volume can further validate this upside breakout. On the downside, the 175 level now acts as immediate support. Any close below support zone may weaken the current setup and trigger short-term consolidation or profit booking.

Vishnu Chemicals

Buy VISHNU in Cash at ₹594 | Stop-loss: ₹563 | Target: ₹630

Vishnu Chemicals is displaying strong price action after emerging from a broad consolidation range, currently trading near 594.15. The stock has recently crossed above the long-standing resistance zone around 575, indicating renewed buying interest and the possibility of a fresh upward leg.

Technically, the stock is trading above its key EMA levels, which highlights strength across all major time frames. The upward slope in shorter moving averages suggests momentum is improving, while RSI near the mid-60 zone reflects healthy bullish strength. The stock is now trading close to its all-time high zone and appears ready for a fresh breakout above previous highs. A decisive move above this zone could open the path towards 630 in the near term, supported by sustained volume participation. On the downside, 563 is the immediate stop-loss level, placed near the 20-day EMA support zone. Any close below this level may weaken the current momentum and lead to short-term consolidation.

Kingfa Science & Technology

Buy KINGFA in Cash at ₹4,779 | Stop-loss: ₹4,545 | Target: ₹5139

Kingfa Science & Technology is maintaining a strong bullish structure after a healthy pullback, currently trading near ₹4,779.10. The stock recently witnessed an exact rebound from its 20-day EMA zone, signalling that buyers are actively defending lower levels and the ongoing uptrend remains intact.

Technically, KINGFA is trading above its key EMA levels, reflecting strength across all major time frames. The recent bounce from the short-term moving average confirms that momentum continues to stay positive, while the overall price structure remains favourable for further upside. The stock is now hovering close to its recent peak zone and appears well-positioned for another upward breakout. A sustained move from current levels could lead the stock towards its previous all-time high of 5,139, which stands as the immediate upside target in the near term. On the downside, the 4,545 level, which aligns with the 20-day EMA support zone, will act as immediate support as well as a crucial stop-loss level. Any close below this mark may trigger temporary consolidation or profit booking.

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Disclaimer: This article is by Aakash Shah, technical research analyst, Choice Equity Broking. Views expressed are his own.

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Gold, silver may be range bound as war, macro data set tone: Analysts

by Hansraj Agrawal | May 3, 2026 | Share Market

Precious metal prices are expected to witness mixed movement next week as investors track developments in the US-Iran conflict, string of global economic data releases, and domestic political cues, analysts said.

Traders will closely monitor PMI readings from major economies early in the week, followed by US labour market indicators and non-farm payroll data later in the week for fresh cues on monetary policy and bullion demand, they added.

“In the week ahead, precious metal prices momentum is expected to remain mixed with focus on developments on the US-Iran tussle and follow-up on peace talks,” Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, said.

On the Multi Commodity Exchange (MCX), gold futures declined ₹1,347, or nearly 1 per cent, to close at ₹1.51 lakh per 10 grams. Silver, however, outperformed and gained ₹879 to settle at ₹2.50 lakh per kilogram during the past week.

“Gold traded largely range-bound last week, ending with a negative bias of closing at ₹1.51 lakh per 10 grams on the MCX,” Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said.

Despite the weak close, the metal showed resilience with a recovery from lower levels, primarily supported by profit booking in crude oil during the latter half of the week, which eased inflationary concerns and lent support to bullion, he added.

In the international markets, Comex gold futures declined $96.4, or 2.03 per cent to end at $4,644.5 per ounce over the past week, while silver fell nearly 1 per cent to close at $75.84 per ounce in New York.

Mer said bullion prices weighed by a shift in investor preference towards risk assets such as equities and caution from key central bank’s over inflationary pressures linked to elevated crude oil prices. Exchange Traded Fund investors remained net sellers in the previous week, while the latest weekly holdings data is scheduled for release on Monday.

On the demand front, gold demand remained mixed last week amid volatile global prices and a weaker rupee kept buyers away, and same was case across other centres, he added.

Jateen Trivedi said that rupee movement will remain a key driver, and any appreciation in the Indian currency could exert downward pressure on domestic gold prices even if the yellow metal holds firm globally.

Additionally, upcoming state election outcomes may also introduce short-term volatility in the rupee and overall market sentiment, he added.

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