On May 4, 2023, Indian stock market benchmarks closed higher, with the Sensex gaining 356 points to reach 77,269.40 and the Nifty 50 rising 122 points to 24,119.30. This positive sentiment was influenced by favorable global cues and the BJP's expected government formation in West Bengal and Assam. Market experts recommend focusing on quality stocks with solid fundamentals for short-term investments over the next 1-2 weeks. Among the highlighted stocks are Crompton Greaves Consumer Electricals, which shows signs of a reversal with target prices of ₹303 and ₹320, and Polycab India, which is expected to rise to ₹9,100. Other recommended stocks include Ramkrishna Forgings, Manappuram Finance, GMR Airports, and Grasim Industries. Investors are advised to implement disciplined risk management strategies as market volatility is anticipated due to fluctuating crude oil prices.