Nifty above 24,100, Sensex up 356 pts amid volatility

The domestic share market indices traded on a positive note on Monday, with the Nifty finishing above 24,100 mark, amid intraday volatility.At close, the Sensex was up 355.90 points or 0.46 percent at 77,269.40, and the Nifty was up 121.75 points or 0.51 percent at 24,119.30.
Adani Ports and Special Economic Zone, Adani Enterprises, Eicher Motors, Reliance Industries, and Jio Financial were the top gainers on the Nifty, while losers included Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy's Laboratories, Oil and Natural Gas Corporation, and Tata Consultancy Services.On the sectoral front, metal, realty, infrastructure, and pharma indices gained around 0.5–1%, while IT, media, and PSU Bank indices ended lower.Broader markets remained supportive, with the Nifty Midcap and Smallcap indices rising about 0.5% each.
Rupee Close:
On 4 May'26, the Indian rupee ended 16 paise lower to close at 95.08 against the US dollar on Monday, weighed by heightened dollar demand from maturing non deliverable forward positions and an uptick in oil prices.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated investor sentiment remained supported by a favourable election outcome in West Bengal and a better than expected Q4 earnings, helping markets look past Middle East-related concerns. However, intermittent profit booking persisted amid uncertainty surrounding the U.S. “Project Freedom” initiative to reopen the Strait of Hormuz. While the resolution path may take time, optimism around gradual progress continues.Crude prices holding below $110 are providing near-term comfort.Going ahead, market direction will hinge on geopolitical developments and oil price trends, given their impact on inflation, interest rates, the rupee, and corporate margins.
Market experts recommended five shares to buy on Monday: Pondy Oxides and Chemicals, Bliss GVS Pharma, SJS Enterprises, Bharat Seats, and Rategain Travel Technologies.

(Business Correspondent)