Nifty Closes Above 24,100 Amid Favorable Election Results and Strong Blue-Chip Buying

The Indian equity benchmarks wrapped up the trading session on a highly positive note today, May 5, 2026, completely shrugging off early global anxieties triggered by soaring crude oil prices #StockMarket. The NSE Nifty 50 advanced significantly by 121.75 points to comfortably settle above the crucial 24,100 level, closing at 24,119.30. Simultaneously, the BSE Sensex surged by 355.90 points to end the session strongly at 77,269.40 #Sensex. The massive market rally was heavily supported by highly favorable state election outcomes, particularly the BJP's sweeping victory in West Bengal, which massively boosted investor confidence in the continuation of key economic reforms #Nifty50. Buying momentum was aggressively concentrated in heavyweight stocks, with Adani Ports, Hindustan Unilever, Reliance Industries, and Maruti Suzuki emerging as the absolute top gainers of the day. On the corporate earnings front, BHEL shares witnessed a massive 7% surge following a highly robust Q4 performance, adding over ₹8,500 crore to its market capitalization. However, IT majors like Tata Consultancy Services and Bharti Airtel faced minor profit booking. Overall, domestic institutional investors heavily drove the rally, actively purchasing shares worth over ₹3,487 crore.