Sensex and Nifty Post Over 1% Weekly Gains Amid Global Optimism, Strong GST, and Foreign Inflows

New Delhi, May 4 The Indian stock market closed positive for the third consecutive week, overcoming sharp intraday volatility across sessions. Key drivers of the rally included positive global sentiment, signs of cooling trade tensions, record GST collections, mixed but stable Q4 earnings, and sustained foreign institutional investment (FII) inflows.

During the week ending May 2, the BSE Sensex surged 1,289.46 points or 1.62% to close at 80,501.99, while the NSE Nifty gained 307.35 points, or 1.2%, ending at 24,346.70. On a monthly basis, both indices are up nearly 3.5%.

Sectoral and Index Performance: Oil & Gas, Realty Lead; Small Caps Under Pressure Largecap Index: +1% Weekly Gain

Top Gainers:

• Hindustan Aeronautics

• Reliance Industries

• Adani Ports

• BPCL

• IOC

• Maruti Suzuki

• DLF

Top Losers:

• Shriram Finance

• JSW Steel

• Adani Power

• Shree Cements

• Avenue Supermarts

• Swiggy

• Bajaj Finserv

• Mankind Pharma

• Ultratech Cement

• Indus Towers

• Waaree Energies

Midcap Index: +0.4% Weekly Gain

Top Gainers:

• Mazagon Dock

• Tube Investments

• Vishal Mega Mart

• Schaeffler India

• IGL

• Sona BLW

• Prestige Estates

Top Losers:

• Phoenix Mills

• Tata Technologies

• Patanjali Foods

• Star Health

• Thermax

• One 97 Communications (Paytm)

Smallcap Index: -1.3% Weekly Decline

Top Gainers:

• Paras Defence

• Go Fashion India

• Sportking India

• Prime Focus

• Sonata Software

• Barbeque Nation

• GRSE

• Crystal Integrated

• Jaiswal Neco

Top Losers:

• Raju Engineers

• Sterling & Wilson Renewable

• Gensol Engineering

• Lloyd Engineering

• Godrej Agrovet

• Tanfac Industries

• KR Rail Engineering

• Repro India

• ISGEC Heavy Engineering

• Five Star Business Finance

• SML Isuzu

Sector Highlights: Oil & Gas Outperforms, Media and Metals Lag

• Nifty Oil & Gas Index: +4.3%

• Nifty Realty Index: +2.5%

• Nifty Auto, Healthcare & IT: ~+1%

• Nifty Media Index: -1.7%

• Nifty Metal Index: -0.6%

The outperformance in oil & gas was largely attributed to strong quarterly numbers and crude price stability. The decline in media and metal indices came amid weak earnings and global commodity pressures.

Market Outlook

Analysts anticipate continued momentum if macro indicators stay supportive. However, elevated valuations, geopolitical uncertainty, and US Fed rate cues remain near-term risks. With Q4 earnings season in full swing and the general election cycle underway, investors are advised to remain stock-specific and watch for broader trend confirmations.