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Buy or sell stocks, 5 May 2026: Amid mixed global cues, the Indian stock market remained volatile throughout the Monday session. However, the key benchmark indices ended in the green zone despite profit-booking ahead of the market close. The Nifty 50 index finished 121 points up at 24,119. The BSE Sensex gained 355 points and closed at 24,119, whereas 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.
The Gift Nifty live chart is signalling a gap-down opening on Dalal Street. The index is trading around 24,030, down about 176 points from the previous close.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes that Dalal Street bias is cautious. The Prabhudas Lilladher expert said the Nifty 50 index is trading in the 23,800 to 24,300 range. 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.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said the 50-stock 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.
“As mentioned earlier, the index would need to decisively breach above the tough hurdle of 24,300 level to establish conviction and stability and thereafter can expect further rise in the coming days. On the downside, the 23,800 level shall be positioned as the important near-term support which needs to be sustained,” said Parekh.
On the outlook of the Bank Nifty today, Vaishali Parekh said the index opened on a positive note but could not sustain above the 55,600-zone, finding resistance and slipping down as the day progressed to end on a flat note near the 54,900 level with a positive bias maintained with a cautious approach, having the important near-term support at the 54,400 level, which needs to be sustained as of now.
“The important support at 53,500 levels shall be the crucial zone, whereas on the upside, the 50-EMA at 56,100 level would be the important hurdle which needs to be breached above decisively,” said Vaishali Parekh of Prabhudas Lilladher.
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: Vishal Mega Mart, Jio Financial Services, and Belrise Industries.
1] Vishal Mega Mart: Buy at ₹126, Target ₹132, Stop Loss ₹123;
2] Jio Financial Services: Buy at ₹252, Target ₹260, Stop Loss ₹248; and
3] Belrise Industries: Buy at ₹215, Target ₹220, Stop Loss ₹212.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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