Strong global cues and record GST collections lift investor sentiment
New Delhi, May 4 (H.S.): Domestic equity markets opened on a strong note on Monday, with benchmark indices Sensex and Nifty registering sharp gains in early trade, supported by positive global cues and robust domestic indicators.
Investor sentiment was buoyed by reports of the United States initiating efforts to clear ships stranded in the Strait of Hormuz, along with record GST collections of ₹2.43 lakh crore for April. Sustained buying interest pushed markets higher in the opening session.
The rally was reflected in market capitalisation, with BSE-listed companies adding nearly ₹4.64 lakh crore in value shortly after trading began. By around 10 a.m., the Sensex was up 1.12 per cent, while the Nifty gained 1.06 per cent.
Top Gainers and Losers
Among major gainers, Bajaj Auto, Hindustan Unilever, Maruti Suzuki, Shriram Finance, and Larsen & Toubro traded higher, posting gains between 2.79 per cent and 3.86 per cent.
On the other hand, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, ONGC, TCS, and Eternal were among the laggards, declining between 0.26 per cent and 2.58 per cent.
Trading Activity Snapshot
Market breadth remained firmly positive. Of the 2,764 actively traded stocks, 2,102 advanced while 662 declined.
Out of the 30 Sensex constituents, 26 were trading in the green, while only four were under selling pressure. Similarly, 44 of the 50 Nifty stocks posted gains, reflecting broad-based buying across sectors.
Index Performance
The BSE Sensex opened at 77,257.27, gaining 343.77 points. Strong buying momentum pushed the index nearly 1,000 points higher to an intraday high of 77,910.75 within the first half hour. It later witnessed minor profit-booking and was trading at 77,772.90, up 859.40 points around 10 a.m.
The NSE Nifty followed a similar trajectory, opening at 24,063.55, up 66 points. It surged close to 300 points to touch 24,290.20 before easing slightly. At around 10 a.m., the index stood at 24,252.15, up 254.60 points.
Previous Session Recap
In the previous trading session last week, both indices had ended lower. The Sensex closed at 76,913.50, down 582.26 points or 0.75 per cent, while the Nifty settled at 23,997.55, declining 180.10 points or 0.74 per cent.
(With inputs from H.S.) Inputs & Images courtesy: Hindusthan Samachar (H.S.)
Edited by: Dikshita Bollu
Last Updated on: Monday, May 4, 2026 1:10 pm by Bollu Dikshitha | Published by: Bollu Dikshitha on Monday, May 4, 2026 1:10 pm | News Categories: News
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