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- Markets Overcome Mid-Session Volatility To Secure Steady Gains Following A Late Recovery
Markets Overcome Mid-Session Volatility To Secure Steady Gains Following A Late Recovery
GoalFi Pulse | 04 May 2026
GoalFi Social
May 04, 2026
Greetings from GoalFi,
Executive Summary
The domestic markets witnessed a day of selective momentum, characterized by significant outperformance in the Realty and Metal sectors. While the benchmarks faced some pressure from the IT and Telecom heavyweights, the broader market sentiment remained constructive. Adani Group stocks led the Nifty 50 charge, benefiting from renewed buying interest. Despite volatility in private banking names, the resilience in healthcare and mid-cap financial services helped the indices maintain a stable trajectory throughout the session.
Key Developments
Adani Ports and Adani Enterprises surged, anchoring the gains for the Nifty 50 constituents.
The Realty Index emerged as the top sectoral performer, gaining 2.41% as demand sentiment remains high.
IT stocks (TCS, etc.) faced selling pressure, tracking weakness in global technology peers.
Healthcare and Pharma sectors continued their upward march, with mid-cap healthcare names showing double-digit relative strength.
Top Gainers
NIFTY 50 constituents
Symbol | LTP | % Change |
|---|---|---|
ADANIPORTS | 1747.00 | +5.41% |
EICHERMOT | 7330.00 | +3.11% |
JIOFIN | 253.70 | +2.98% |
ADANIENT | 2473.00 | +2.68% |
RELIANCE | 1467.20 | +2.54% |
Top Losers
NIFTY 50 constituents
Symbol | LTP | % Change |
|---|---|---|
KOTAKBANK | 371.10 | -3.18% |
BHARTIARTL | 1828.00 | -3.12% |
DRREDDY | 1288.40 | -2.61% |
ONGC | 292.90 | -2.22% |
TCS | 2430.00 | -1.77% |
Best Performing Indices
Index | LTP | % Change |
|---|---|---|
NIFTY REALTY | 812.70 | +2.41% |
NIFTY MIDSMALL HEALTHCARE | 45857.05 | +1.96% |
NIFTY FINANCIAL SERVICES EX-BANK | 31221.65 | +1.18% |
Weakest Performing Indices
Index | LTP | % Change |
|---|---|---|
NIFTY IT | 29076.10 | -0.95% |
NIFTY MEDIA | 1448.10 | -0.54% |
NIFTY PSU BANK | 8455.80 | -0.32% |
Sector Performance Summary
The sectoral landscape was dominated by Realty and Healthcare, which showcased significant relative strength. Metals also participated in the rally, while the IT sector acted as the primary drag on the benchmarks. Financial services showed a divergence, with non-banking financial entities outperforming their banking counterparts. Overall, the market breadth suggests that investors are rotating capital into defensive and cyclical pockets like Pharma and Realty.
Market Sentiment
Sentiment remains Moderately Bullish. Despite the weakness in high-weightage IT and Telecom stocks, the underlying market breadth remained healthy, supported by mid-cap outperformance and strong buying in the Realty and Metal space.
Outlook for Next Session
We expect a continuation of sector-specific action. Key support levels for the Nifty remain critical, while the resistance from the IT index will need to be cleared for a meaningful breakout. Investors should keep an eye on global cues and volatility in the banking space for the next trading session.
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