new delhi, May 4
The Indian stock market staged a strong rebound on Monday, recovering from Thursday’s sharp sell-off as investors responded to election results across West Bengal, Tamil Nadu, Assam, Kerala, and the Union Territory of Puducherry. The positive sentiment was reflected in benchmark indices, which closed the session with moderate gains.
The BSE Sensex rose by 355.90 points, or 0.46 percent, to settle at 77,269.40, while the Nifty 50 gained 121.75 points, or 0.51 percent, to close at 24,119.30. Broader markets also participated in the recovery, with midcap and smallcap indices advancing around 0.5 percent each, indicating improved investor confidence across segments.
Sectoral performance remained mixed. Metal, realty, infrastructure, and pharma indices recorded gains in the range of 0.5 to 1 percent, supported by buying interest in select stocks. However, IT, media, and PSU bank indices ended in negative territory, reflecting some sector-specific pressures. Among the top performers on the Nifty were Adani Ports and Special Economic Zone, Adani Enterprises, Eicher Motors, Reliance Industries, and Jio Financial Services. On the other hand, laggards included Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Oil and Natural Gas Corporation, and Tata Consultancy Services. Market breadth remained strong, with more than 180 stocks touching their 52-week highs on the BSE. Notable names included Bharat Heavy Electricals Limited, Aster DM Healthcare, CESC Limited, Laurus Labs, Adani Green Energy, Aether Industries, HFCL, Bandhan Bank, Adani Power, Siemens India, Bajaj Auto, and Hitachi Energy India, among others.
The overall market capitalisation of BSE-listed companies surged to over Rs 467 lakh crore from Rs 463 lakh crore in the previous session, resulting in investors gaining more than Rs 4 lakh crore in a single day. This sharp increase highlighted renewed buying interest following recent volatility.
Among individual stocks, Bharat Heavy Electricals Limited jumped 7.5 percent after reporting a strong rise in its fourth-quarter earnings. Adani Ports and Special Economic Zone also gained 5.5 percent, contributing significantly to the index’s upward movement.
The Indian rupee, however, weakened further, falling 39 paise to close at an all-time low of 95.23 against the US dollar. This decline indicated continued pressure on the currency despite equity market gains.
In stock-specific action, Vedanta Limited rose more than 6 percent to Rs 288.75, while Godrej Properties climbed as much as 6.3 percent. Conversely, Avenue Supermarts fell over 3 percent after reporting mixed Q4 FY26 results, and Sun TV Network declined 5.5 percent amid political developments in Tamil Nadu.
Shares of Adani Enterprises also advanced nearly 3 percent intraday following its recent quarterly results, further supporting the broader market recovery.
