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Nitty ends higher on Monday amid ease in crude oil prices

04 May 2026 Evaluate

Indian equity benchmark -- Nifty ended higher with gain of over half a percent on Monday amid ease in crude oil prices and potential BJP-led alliance victory in West Bengal and Assam assembly election boosted investors sentiments. Index made positive start following positive cues from other Asian markets. Soon, index extended its gain as traders took some support with Commerce and Industry Minister Piyush Goyal’s statement that the India-UAE free trade agreement, which came into force in May 2022, helped the bilateral trade to cross $100 billion. Further, some encouragement came as India and the United Kingdom (UK) have held discussions to enhance bilateral trade and investments and leverage opportunities under the comprehensive economic and trade agreement (CETA) signed in July last year. However, in second half of the session, index trimmed some of its gain but continued to trade in green terrain till the end of the session. Finally, Nifty ended above 24100 mark.

Most of the sectorial indices ended in green led by Realty, Metal and Chemical stocks. The top gainers from the F&O segment were Vedanta, Bharat Heavy Electricals and Laurus Labs. On the other hand, the top losers were Sona BLW Precision Forgings, Avenue Supermarts and Mazagon Dock Shipbuilders. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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