Indian Stock Market Set for Gap-Up Opening Amid Election Results and Q4 Earnings
Stock market today: Gift Nifty signals gap-up start; election results, India VIX to Q4 results — 7 stocks to buy or sell
Mint
Image: Mint
On May 4, 2026, the Indian stock market is expected to open higher, driven by positive signals from the Gift Nifty and improving global sentiment. Key earnings reports from major companies and assembly election results in five states will influence market direction. Analysts recommend several stocks for intraday trading.
- 01The Nifty 50 index closed down 180 points at 23,997, while the BSE Sensex fell 582 points to 76,913.
- 02The Gift Nifty indicates a gap-up opening near 24,270, reflecting improved global market sentiment.
- 03Earnings reports from companies like Ambuja Cements and Bharat Heavy Electricals Limited will be crucial for market sentiment.
- 04Election results from West Bengal, Assam, Tamil Nadu, Kerala, and Puducherry will be declared today, impacting investor sentiment.
- 05Analysts recommend seven stocks for intraday trading, including Sona Blw Precision Forgings and Reliance.
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On May 4, 2026, the Indian stock market is poised for a gap-up opening, with the Gift Nifty indicating a rise to around 24,270, significantly above the previous close of 23,997. This positive outlook comes after a sharp decline in the previous session, where the Nifty 50 index fell by 180 points and the BSE Sensex dropped by 582 points. The sell-off was widespread, particularly affecting sectors like metals and real estate, while IT stocks showed resilience. Today's market activity will be heavily influenced by earnings reports from major companies, including Ambuja Cements and Bharat Heavy Electricals Limited, which are expected to guide sectoral sentiment. Additionally, assembly election results from West Bengal, Assam, Tamil Nadu, Kerala, and Puducherry will be announced, adding another layer of influence on market dynamics. Analysts recommend several stocks for intraday trading, highlighting potential buys such as Sona Blw Precision Forgings and Reliance. The India VIX remains elevated at 18.4, indicating caution among investors as they navigate this volatile market environment.
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The anticipated gap-up opening could boost investor confidence, especially for those holding stocks in sectors expected to perform well based on earnings reports. Additionally, the election results may influence market sentiment, affecting stock prices and investment decisions.
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