Nifty Opens with a Gap-Down as Vaishali Parekh Recommends Three Stocks to Buy on 5 May 2026
Indian Stock Market Remains Volatile Amid Mixed Global Cues
On Monday, 5 May 2026, the Indian stock market witnessed a volatile trading session, with the key benchmark indices ending in the green zone despite profit-booking ahead of the market close. The Nifty 50 index finished 121 points up at 24,119, while the BSE Sensex gained 355 points and closed at 24,119. The Bank Nifty index ended marginally higher at 54,878.
Sectorally, most sectors participated in the move, with realty, metals, and pharma among the top gainers, while key sectors such as banking and IT remained relatively subdued. Meanwhile, broader markets outperformed, with midcap and smallcap indices advancing around 0.8% each.
Market Outlook
According to Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, the Dalal Street bias is cautious. Parekh believes that the Nifty 50 index is trading in the 23,800 to 24,300 range, and a bullish or bearish trend can be assumed on the breakage of either side of this range. However, Parekh predicted a negative start for the Indian stock market as the Gift Nifty is trading 176 points lower than its yesterday's close.
| Sector | Nifty 50 Index | BSE Sensex |
|---|---|---|
| Nifty 50 | 24,119 (up 121 points) | 24,119 (up 355 points) |
| Bank Nifty | 54,878 (marginally higher) | N/A |
Vaishali Parekh also shared her outlook for the Nifty 50 and Bank Nifty indices. She said that the Nifty 50 index, after a strong opening session, fizzled out once again at the tough resistance barrier at 24,300 and closed near the 24,100 zone, maintaining a cautiously positive bias for now.
Stock Recommendations
Vaishali Parekh recommended the following three stocks to buy today:
- Vishal Mega Mart: Buy at ₹126, Target ₹132, Stop Loss ₹123
- Jio Financial Services: Buy at ₹252, Target ₹260, Stop Loss ₹248
- Belrise Industries: Buy at ₹215, Target ₹220, Stop Loss ₹212
Investor Takeaway
Investors should consider buying stocks recommended by Vaishali Parekh.
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