Stocks to Watch: L&T, M&M, Tata Technologies and Delhivery Among 10 Notable Shares in Focus Today

Indian Stock Market Surges 1% but Trims Gains Amid Crude Oil Price Hike

The Indian stock market benchmarks, Sensex and Nifty 50, finished higher on Monday, May 4, with both indices surging over 1% during the session. However, the gains were trimmed due to profit booking as crude oil prices climbed more than 1%. The 30-share Sensex ended 356 points, or 0.46%, higher at 77,269.40, while the NSE benchmark Nifty 50 advanced 122 points, or 0.51%, to settle at 24,119.30.

The market is likely to snap its gaining streak as trends in the Gift Nifty index signal a positive opening on Tuesday. The Gift Nifty was trading near the 23,032 mark, down over 11.50 points from the previous close of Nifty futures.

The Indian equity markets are likely to trade with a cautious bias, as renewed tensions between U.S. and Iranian forces weigh on investor sentiment. Brent crude remains elevated in the $104–107 range, sustaining concerns around potential supply disruptions and reinforcing inflationary pressures. While the outcome of recent state assembly elections and fresh data indicating foreign portfolio investors have turned net buyers of domestic equities offer some measure of support, the broader mood remains one of restraint. Geopolitical uncertainty and prevailing global risk aversion continue to dominate sentiment, limiting the scope for a sustained upside in the near term.

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Stocks to Watch

As the market points towards a negative start, some stocks are likely to remain in focus on Tuesday due to their own positive/negative triggers. The following are the top 10 stocks that will remain in focus on Tuesday, May 5:

These stocks are expected to remain in focus on Tuesday, May 5, amid the current market sentiment.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline