Indian stock market closed firmer on May 4th with benchmark indices posting modest gains. Sensex rose 355.90 points or 0.46 percent to settle at 77,269.40, while Nifty 50 advanced 121.75 points or 0.51 percent to 24,119.30. Crude oil surged 158 points to 9,823, but precious metals declined with gold falling 1,194 points and silver dropping 3,302 points. Analysts warn of a volatile, news-driven week ahead as investors monitor state election outcomes, crude oil trajectories, and West Asia geopolitical developments. Elevated Brent crude levels near the Strait of Hormuz remain a macro concern, potentially impacting inflation, rupee stability, and corporate margins. Stock-specific movements will be driven by Q4 earnings from Ambuja Cements, BHEL, and major automakers. Bank Nifty maintains bullish structure above 55,000 psychological level with scope towards 56,250 to 56,700 resistance zone.
