On May 5, Indian stock markets saw a volatile session influenced by escalating tensions between the US and Iranian forces, which caused fluctuations in investor sentiment. The Nifty 50 index managed to close up 0.30% at 24,046, recovering from a low of 23,822 during the day. The S&P BSE Sensex, however, ended slightly lower, down 0.26% at 77,066. The broader market fared better, with the Nifty Midcap 100 and Nifty Smallcap 100 both gaining over 0.26%. The surge in Brent crude oil prices, which reached an intraday high of $115.3 per barrel, raised concerns about inflation and its potential impact on India's economy, as the country is the world's third-largest crude importer. Among the top gainers, Wockhardt and Tata Technologies both saw their shares rise by 9% following positive quarterly earnings, with Wockhardt closing at ₹1,550 and Tata Technologies at ₹627.50. Other notable gainers included CreditAccess Grameen, which surged 15.4%, and Computer Age Management Services, which rose 9%. Despite the overall mixed performance, sectors such as Nifty Auto and Nifty Pharma saw positive movements, while Nifty Realty and Nifty PSU Bank faced declines.