Nifty 50 at 24,126, Up 129.55 Points (0.54%) on May 4, 2026; Market Cap at ₹463.47 Lakh Crore

The Nifty 50 was trading at 24,126.70, gaining 129.55 points (0.54%) as of 12:17 PM. The index opened at 24,063.55 and moved within a day’s range of 24,061.85 to 24,290.20, reflecting steady upward momentum during the morning trading session.

Market Breadth and Overall Activity

The broader market showed strong participation and positive sentiment. A total of 3,284 stocks were traded, out of which 2,237 stocks advanced, 944 declined, and 103 remained unchanged. The number of stocks hitting 52-week highs stood at 137, while 18 stocks touched 52-week lows. Additionally, 109 stocks were locked in the upper circuit and 70 stocks in the lower circuit, indicating strong buying activity in select counters.

Top Gainers During the Session

Among the gainers, Adani Ports and Special Economic Zone Ltd led the rally with a rise of 3.84%, followed closely by Hindustan Unilever Ltd which gained 3.82%. Healthcare and infrastructure stocks also showed strength, with Max Healthcare Institute Ltd rising 2.61% and Larsen & Toubro Ltd gaining 2.44%. Shriram Finance Ltd also moved higher by 2.29%, contributing to the overall positive market tone.

Top Losers During the Session

On the losing side, Kotak Mahindra Bank Ltd declined 2.77%, while telecom major Bharti Airtel Ltd fell 2.35%. Energy and IT stocks also saw mild selling pressure, with Oil and Natural Gas Corporation Ltd down 1.80%, Tata Consultancy Services Ltd down 1.58%, and Dr. Reddy's Laboratories Ltd slipping 1.58%.

About the Nifty 50 Index

The Nifty 50 is a diversified index of 50 large companies that represent key sectors of India’s economy. The base period of the index is November 3, 1995, which marks 1 year of operations of the NSE’s capital market segment, and the base value was set at 1000 with a base capital of ₹2.06 trillion. The index is calculated using the free-float market capitalisation method, meaning only publicly available shares are considered. 

The index is rebalanced twice a year to ensure it reflects the changing market landscape. Nifty 50 represents about 54.10% of the free-float market capitalisation of NSE-listed companies and contributes around 26.84% of the total traded value on the exchange.

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Sector Representation in the Index

Financial Services hold the largest weight in the index at 35.27%, showing the sector’s strong influence on market direction. This is followed by Oil, Gas & Consumable Fuels at 10.83%, Information Technology at 8.58%, Automobile and Auto Components at 6.65%, and Fast Moving Consumer Goods at 6.20%. Other sectors such as Telecommunications, Metals & Mining, Healthcare, Construction, and Power also contribute to the diversified structure of the index.

Top Companies by Index Weight

The largest contributors to the index by weight include HDFC Bank Ltd at 10.73%, followed by Reliance Industries Ltd at 8.78% and ICICI Bank Ltd at 8.21%. Telecom major Bharti Airtel Ltd holds a weight of 5.26%, while infrastructure giant Larsen & Toubro Ltd contributes 4.28%.

Conclusion

The Nifty 50 traded firmly in positive territory, supported by strong market breadth and gains in key heavyweight stocks. The dominance of financial stocks and healthy participation across sectors reflects continued confidence in India’s economic and corporate growth outlook.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.