On May 4, 2026, the Indian stock market experienced a significant downturn, with the Nifty 50 index dropping 180 points to close at 23,997. The BSE Sensex fell by 582 points to 76,913, while the Bank Nifty index decreased by 540 points to 54,863. This sell-off was broad-based, particularly affecting sectors such as metals, real estate, and fast-moving consumer goods (FMCG), while the IT sector showed some resilience. Sumeet Bagadia, Executive Director at Choice Broking, noted a cautious market outlook characterized by a Doji-like candlestick pattern, indicating indecision among investors. He highlighted immediate support for the Nifty 50 in the 23,750–23,800 range and resistance between 24,200 and 24,250. Bagadia recommended three stocks for investors to consider buying: Reliance Industries at ₹1430 with a target of ₹1520 and a stop loss at ₹1385; Kotak Mahindra Bank at ₹383 with a target of ₹410 and a stop loss at ₹365; and Sun Pharma at ₹1808 with a target of ₹1950 and a stop loss at ₹1725. This analysis aims to guide investors through the current market volatility.