On May 4, Indian stock markets experienced healthy gains, with the Nifty 50 closing at 24,119, reflecting a 0.51% increase. The S&P BSE Sensex also rose, ending the day at 77,159, up 0.31%. The market was buoyed by strong performances from heavyweight stocks like Hindustan Unilever, Reliance Industries, and Maruti Suzuki India, alongside positive early trends from state elections favoring the Bharatiya Janata Party. Notably, Cemindia Projects saw a remarkable surge of 17.32%, reaching ₹956.45, while Dr. Lal PathLabs rallied 15% to ₹1,573 following its quarterly results. Other significant gainers included Meesho, which rose 11.7% to ₹215.7, and Bharat Heavy Electricals, up 7% to ₹378. The broader market also performed well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices gaining over 0.60%. Analysts suggest that market direction will depend on geopolitical developments and oil price trends, which significantly impact inflation and corporate margins.