TLDR
Market Recap: May 04, 2026
On May 04, Indian equities reopened after Friday’s holiday with a relief rally, as softer crude, election trends and auto sales supported risk appetite. Sensex closed at 77,269.40, up 355.90 points or 0.46%, while Nifty 50 ended at 24,119.30, up 121.75 points or 0.51%. Thirteen of sixteen sectors rose; midcaps gained 0.6% and small caps 0.7%, while India VIX cooled over 3% to 17.90 as intraday exuberance faded.
Key Drivers :
Oil relief: Brent cooled sharply from last week’s four-year high.
Election comfort: State trends reduced political uncertainty for domestic investors.
Breadth improves: Thirteen sectors rose as broader markets outperformed benchmarks.
Today’s Top Stories:
BHEL shares surge after Q4 profit rockets 156%: Power-equipment recovery got market validation as profit surged and shares jumped.
Ambuja Cements profit nearly triples on tax gain and record volumes: Tax credits flattered profit, but record cement volumes kept the story strong.
Godrej Properties posts 70% profit rise on housing demand: Housing demand stayed firm, powering profit and revenue growth.
Exide profit rises 22.7% as auto battery demand stays strong: Auto recovery lifted battery demand, though export disruptions remained a drag.
Tata Chemicals’ loss widens after US goodwill impairment: A large US impairment turned weak soda ash pricing into a deeper loss.
Market Snapshot
CNBC
Nifty 50 Index Heatmap
Trading View
Top Gainers & Losers
Trading View
TOP STORIES
1. BHEL shares surge after Q4 profit rockets 156%
Gemini-2.5
Profit rocket: Net profit jumped 156% YoY to Rs 1,290 crore.
Revenue push: Revenue rose 37%, extending PSU power-equipment recovery momentum.
Market reaction: Shares soared 13%, reflecting a clear earnings beat.
2. Ambuja Cements profit nearly triples on tax gain and record volumes
Gemini-2.5
Tax lift: PAT nearly tripled to Rs 1,644 crore after credits.
Volume high: Cement volumes rose 10% to record 19.9 million tonnes.
Cost warning: Fuel, diesel, and packaging costs may pressure first-half margins.
3. Godrej Properties posts 70% profit rise on housing demand
Gemini-2.5
Profit jump: Net profit rose 70% to Rs 650 crore.
Revenue growth: Operations revenue climbed 63% on strong housing demand.
Booking view: Booking value stayed flat despite higher expenses.
4. Exide profit rises 22.7% as auto battery demand stays strong
Gemini-2.5
Profit growth: Standalone PAT rose 22.7% to Rs 312 crore.
Auto tailwind: The auto battery business grew more than 25% year-on-year.
Export drag: Shipping disruptions hurt exports through routes and container shortages.
5. Tata Chemicals’ loss widens after US goodwill impairment
Gemini-2.5
Loss shock: Net loss widened sharply to Rs 2,132 crore.
Impairment hit: US goodwill impairment alone reached Rs 1,837 crore.
Pricing pressure: Soda ash weakness dragged revenue down 2%.
GYAANI HOT TAKES
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