Market Update: Nifty 50 Shows Positive Signals Amid Election Anticipation
Buy or sell: Gift Nifty signals gap-up opening, Vaishali Parekh recommends three stocks to buy today — 4 May 2026
Mint
Image: Mint
On May 4, 2026, Indian stock markets faced a significant sell-off, with the Nifty 50 index dropping 180 points to close at 23,997. However, the Gift Nifty indicates a potential gap-up opening, trading around 24,250. Analyst Vaishali Parekh recommends buying Thirumalai Chemicals, CESC, and Bharat Dynamics amid cautious market sentiment ahead of election results.
- 01Nifty 50 index fell 180 points to close at 23,997.
- 02Gift Nifty signals a positive opening, trading around 24,250.
- 03Vaishali Parekh recommends buying Thirumalai Chemicals, CESC, and Bharat Dynamics.
- 04Market sentiment remains cautious ahead of election results.
- 05Bank Nifty index closed near 54,850 after a significant drop.
Advertisement
In-Article Ad
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.
Advertisement
In-Article Ad
Investors should be cautious as market volatility may affect stock prices and investment decisions, especially with election results influencing market sentiment.
Advertisement
In-Article Ad
Reader Poll
How do you feel about investing in the stock market amid election results?
Connecting to poll...
More about Prabhudas Lilladher
Read the original article
Visit the source for the complete story.






