On May 4, 2026, the Indian stock market saw robust buying interest, with the Nifty 50 index rising by over 1% to reclaim the 24,000 mark, reaching 24,290 during intraday trading. This surge was driven by favorable early results from the 2026 Assembly Elections, showing the Bharatiya Janata Party (BJP) leading in key states like West Bengal and Assam. Additionally, optimism surrounding potential US-Iran talks and a slight dip in crude oil prices bolstered market sentiment. Among the most traded stocks were Vodafone Idea, which saw over 93 crore shares exchanged and a nearly 8% increase in its stock price after the government reduced its adjusted gross revenue (AGR) dues by approximately ₹23,649 crore. HFCL also gained traction, with over 13 crore shares traded, climbing 11% to hit a 52-week high of ₹128.49 following shareholder approval for a new warrant issue. Meesho experienced a 14% jump in its stock price after receiving an 'overweight' rating from JP Morgan. Other notable stocks included Jaiprakash Power Ventures (JP Power) and Bharat Heavy Electricals (BHEL), both of which also saw significant trading volumes and price increases.