Stock Markets May 4, 2026 06:30 AM

Indian Equities Close Higher as Real Estate, Capital Goods and Metals Lead Gains

Nifty 50 climbs 0.51% while Adani Ports hits fresh highs; mixed results across financials and telecoms

By Avery Klein
Indian Equities Close Higher as Real Estate, Capital Goods and Metals Lead Gains

Indian stock indices ended higher on Monday, with the Nifty 50 rising 0.51% and the BSE Sensex 30 advancing 0.46%. Real Estate, Capital Goods and Metals stocks were among the main contributors to the rally. Adani Ports and Special Economic Zone Ltd reached record levels, while select financial and telecom names lagged. Market breadth favored risers on both major exchanges and volatility eased slightly according to the India VIX.

Key Points

  • Nifty 50 closed higher by 0.51% and the BSE Sensex 30 rose 0.46%, with Real Estate, Capital Goods and Metals among the sectors leading gains.
  • Adani Ports and Special Economic Zone Ltd hit record highs on both the NSE and BSE, while several financial and telecom names, including Kotak Mahindra Bank and Bharti Airtel, posted notable declines.
  • Market breadth favored advancing issues on both exchanges and volatility eased modestly as India VIX fell to 18.27; oil prices rose while gold declined.

Market close snapshot

Indian equities finished the trading session in positive territory on Monday. At the close on the National Stock Exchange the Nifty 50 increased by 0.51%, while the BSE Sensex 30 rose by 0.46%.


Leading gainers and laggards - NSE

On the Nifty 50, the top-performing stock was Adani Ports and Special Economic Zone Ltd (NSE:APSE), which climbed 5.40% - a rise of 89.50 points - to finish at 1,746.80. Eicher Motors Ltd. (NSE:EICH) added 3.11%, gaining 221.00 points to close at 7,330.00, while Jio Financial Services Ltd (NSE:JIOF) was up 2.86% - 7.04 points - to end the session at 253.41.

Among the biggest decliners on the NSE were Kotak Mahindra Bank Ltd. (NSE:KTKM), which fell 3.18% or 12.20 points to 371.10 at the close, Bharti Airtel Ltd. (NSE:BRTI), down 3.07% or 57.90 points to 1,828.90, and Dr Reddy's Laboratories Ltd (NSE:REDY), which slipped 2.61% or 34.50 points to 1,288.40.


Leading gainers and laggards - BSE

On the BSE Sensex 30, Adani Port and Special Economic Zone Ltd (BO:APSE) was also the session leader, rising 5.49% to close at 1,746.00. Hindustan Unilever Ltd. (BO:HLL) gained 2.66%, settling at 2,310.50, and Reliance Industries Ltd (BO:RELI) added 2.49% to end at 1,466.50.

On the downside at the BSE, Bharti Airtel Ltd (BO:BRTI) declined 3.06% to 1,828.30 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) lost 2.97% to settle at 371.30, and Tata Consultancy Services Ltd. (BO:TCS) was down 1.76% to 2,430.00 at the close.


Market breadth and records

Rising stocks outnumbered decliners on the NSE by 1,640 to 919, with 37 issues unchanged. On the BSE, 2,426 names advanced, 1,649 declined and 206 were unchanged.

Shares of Adani Ports and Special Economic Zone Ltd reached all-time highs on both exchanges during the session. On the NSE the stock gained 5.40% or 89.50 points to 1,746.80, while on the BSE it rose 5.49% or 90.85 points to 1,746.00.


Volatility, commodities and currencies

The India VIX, which measures implied volatility in Nifty 50 options, eased 1.02% to 18.27.

In commodities, Gold Futures for June delivery fell 1.92% or 89.40 to $4,555.10 a troy ounce. Crude oil prices moved higher - the June contract rose 4.88% or 4.97 to $106.91 a barrel, while the July Brent contract increased 5.08% or 5.49 to $113.66 a barrel.

In currency markets, the USD/INR exchange rate was up 0.36% at 95.25. EUR/INR rose 0.03% to 111.28. The US Dollar Index Futures was up 0.24% at 98.24.


Investor tools mentioned

The article included a reference to a proprietary selection tool, noting a prompt asking whether an investor should place $2,000 into BRTI. The tool - described as ProPicks AI - is said to evaluate BRTI alongside thousands of companies monthly using more than 100 financial metrics and highlighted past winners such as Super Micro Computer (+185%) and AppLovin (+157%). The description emphasized that the AI ranks opportunities by risk-reward based on current data.


Close-of-day figures reflect the session's final prices and percent changes as reported on the exchanges.

Risks

  • Select large-cap financial and telecom stocks showed notable declines - this uneven sector performance could introduce uncertainty for index direction - impacts financials and telecom sectors.
  • Commodity price swings were mixed, with crude oil up sharply and gold down, adding potential input cost and inflation considerations for energy- and commodity-sensitive sectors - impacts energy and metals sectors.
  • Although volatility as measured by India VIX fell marginally, any future rise in implied volatility could widen trading ranges and affect equity valuations - impacts market-wide risk sentiment.

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