On May 4, 2026, the Indian stock market experienced a sharp decline, with the Nifty 50 index dropping 180 points to close at 23,997. The BSE Sensex fell by 582 points, closing at 76,913, while the Bank Nifty index decreased by 540 points, finishing at 54,863. The sell-off was widespread, particularly affecting sectors like metals, realty, and FMCG, although the IT sector showed some resilience. In contrast, the Gift Nifty is trading positively, showing gains and opening at 24,251. Analyst Vaishali Parekh from Prabhudas Lilladher suggests that the market is currently in a cautious phase, with the Nifty 50 trading within the 23,800 to 24,300 range. A decisive break from this range could indicate the market's future direction. Parekh also highlighted the importance of maintaining support at 53,500 for the Bank Nifty. For today, she recommends buying Thirumalai Chemicals at ₹200 with a target of ₹210, CESC at ₹185 with a target of ₹195, and Bharat Dynamics at ₹1,364 with a target of ₹1,390.