
Stock recommendations for 5 May from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended the session higher on Monday 4 May, with the Nifty 50 rising 121.75 points (0.51%) to close at 24,119.30. The Sensex gained 355.90 points (0.46%) to finish at 77,269.40.
Broad-based buying underpinned the advance, with a healthy advance-decline ratio of 2,140:1,187, indicating strong participation from mid- and small-cap stocks.The session was influenced by vote counting in five state elections, including West Bengal, Assam, Tamil Nadu, Kerala and Puducherry. Early trends showing a strong performance by the ruling central alliance in key states lifted sentiment during the day.Sectorally, realty led gains with a 2.41% rise, followed by metals and pharma.
Information technology, however, lagged, falling 0.95%.Global cues capped upside momentum, with Brent crude hovering near $109 and geopolitical tensions in West Asia weighing on sentiment and limiting broader directional strength.Buy: Linde India Ltd (current price: ₹7,445)Buy: JINDAL STEEL Ltd (current price: ₹1,260)Nifty 50 performance on 4 MayIndian equities closed on a firm note, with the Nifty 50 gaining 0.51% (+121.75 points) to settle at 24,119.30, supported by broad-based buying despite intraday volatility. The index moved in a range of 24,004–24,290, indicating mild profit-booking at higher levels but sustained resilience above the 24,000 mark.
Market breadth remained positive, with 2,140 stocks advancing versus 1,187 declining and 105 unchanged, reflecting underlying strength in the broader market.Sectorally, realty (+2.4%), metals (+1.1%), healthcare (+1.0%) and financial services (+0.8%) led gains, while IT (-0.95%) and media lagged, capping upside. PSU and private banks also
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