On May 4, 2026, the Indian benchmark indices, Sensex and Nifty 50, ended the day positively, with the Sensex up by 356 points (0.46%) at 77,269.40 and the Nifty 50 gaining 122 points (0.51%) to close at 24,119.30. Despite initial gains, profit booking emerged, particularly as crude oil prices rose by over 1%. Analyst Sumeet Bagadia from Choice Broking highlighted key resistance and support levels for both indices, advising traders to adopt a cautious approach. He recommends five stocks for purchase on May 5, including Cholamandalam Investment and Fin Co, which has a target price of ₹1770 and a stop loss set at ₹1564. Other recommendations include NESCO, Shivalik Bimetal Controls, Shipping Corporation of India, and General Insurance Corporation of India, each showing strong bullish setups and specific target prices. Bagadia emphasizes the importance of risk management with strict stop losses for each stock.