MarketSmith Analyst Raja Venkatraman Recommends Five Stocks for Investors on May 4

Indian Stock Market Awaits Sustainability Amidst Positive Start on Monday

The Indian stock market is poised to begin the week on a firm footing, with the Gift Nifty signalling a gap-up opening near the 24,270 mark, well above the previous close of 23,997. The positive carryover reflects improving global sentiment, with Asian markets also trading in the green, setting the stage for a supportive start to domestic equities.

The Nifty 50 and Sensex indices saw a partial recovery from the considerable selloff in March, posting some gains in April. However, the dip on Thursday, 30 April, indicated ongoing fragility, as escalating oil prices and a weakening rupee affected market sentiment. The Nifty 50 fell by 0.74% to settle at 23,997.55, while the BSE Sensex declined by 0.75% to 76,913.50.

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Indian markets were closed on Friday for a holiday and will resume trading today (Monday, 4 May). The Gift Nifty Live Chart is showing a positive start for the Indian stock market today. By 7:34 AM, the Gift Nifty was trading around the 24,246.5 level, a premium of 148.3 points from the Nifty futures' previous close of 24,098.20.

Stocks to Buy Today

Several stocks are recommended to buy today, including:

Syngene International Ltd

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Syngene International Ltd is a leading India-based contract research, development, and manufacturing organization (CRDMO) that provides scientific services from early-stage discovery to commercial-scale manufacturing. Post a sharp decline all through the year 2026 and in last few days in April 2026 the prices revived. The steady support at the TS & KS bands and the reversal gathered steam on Wednesday post the results.

Buy: above ₹470, stop ₹439, target ₹520 (Multiday)

DCM Shriram Ltd

DCM Shriram Ltd is a leading Indian business conglomerate with a diverse portfolio that spans across agri-rural, chemicals & vinyl, and value-added businesses. The strong thrust with support from the TS & KS bands has led to a strong breakout above the cloud region forming a nice rounding pattern revival.

Buy: above ₹1,230, stop ₹1,180, target ₹1,340 (Multiday)

Deepak Fertilisers & Petrochemicals Corporation Ltd

Deepak Fertilisers and Petrochemicals Corp. Ltd (DFPCL), India, is a leading Indian manufacturer in the fertilisers and industrial chemicals sectors. The steady rise since April 2026 has pushed the 2026 highs to around 1250, with strong value-area resistance in the last few days.

Buy: above ₹1,270, stop ₹1,220, target ₹1,385 (Multiday)

CCL Products (India) Ltd

CCL Products (India) Ltd is a strong global presence in instant coffee exports, consistent revenue and profit growth, high-margin private label business, capacity expansion and diversification, strong client base across geographies, focus on value-added products, healthy return ratios (RoE, RoCE), beneficiary of rising coffee demand, efficient cost management, and improving branded segment contribution.

Buy: ₹1,120-1,140, target ₹1,300 in two to three months, stop loss: ₹1,065

Tenneco Clean Air India Limited

Tenneco Clean Air India Limited is a strong parent backing (Tenneco Inc.), leading auto component player, diversified product portfolio (clean air, suspension), strong OEM client base, net cash/strong balance sheet, improving margins and profitability, expansion plans (new plants, acquisitions), beneficiary of stricter emission norms, growth in premium vehicles segment, and consistent profit growth trend.

Buy: ₹615–630, target ₹780 in two to three months, stop loss: ₹570