On May 6, 2026, the Indian stock market experienced a robust rally, with the Sensex climbing by 941 points to close at 77,958.52, and the Nifty 50 gaining 298 points to finish at 24,330.95. This surge was attributed to positive developments regarding a potential agreement between the US and Iran aimed at resolving ongoing tensions. Analyst Sumeet Bagadia, Executive Director at Choice Broking, noted a strong buying interest reflected in the formation of bullish candlestick patterns and improvements in the Relative Strength Index (RSI) for both indices. Bagadia advised investors to look for buying opportunities on dips, emphasizing the importance of sustaining above key support levels. For May 7, he recommends five stocks: Welspun Living, BLS International Services, Gujarat Fluorochemicals, Jubilant Ingrevia, and Karur Vysya Bank, each with specific entry points, targets, and stop-loss levels to manage risk. The recommendations indicate a positive sentiment and potential for further gains in the market as buying interest continues to grow.