Daily Forecast – Share Market – May 5th, 2026

Nifty may remain within 24000 – 24250 | Watch trade after 12:30 Hrs

Mercury with Ketu leads the day, well supported by Moon, Rahu, Jupiter, Saturn and Venus. Impact of industrial segments may be seen during the day. Suddenness may be seen, so be watchful. Local political situation may give some advantage to certain business houses. So, look for the movements in those business houses.

Nifty may try to hold 24000. But due to surging crude oil and pressure on INR may give impact on the market accordingly. Watch the trade after 12:30 Hrs (IST). Possibility in changes in the trade.

Volatility at any stage will be part of the trade for the day.

Banks and financial institutions, news from government and agencies or indications etc. may give impact on the market.

Core issue related to manufacturing of goods, IT solutions, inflation, falling INR, energy crises, issues for Restaurants and Hotels, may hurt the sentiment of the market. Whereas defence, space, pharmaceuticals, metals etc. with FMCG may give support to the market. Keep a watch on automobile sector. Because of monthly sales of few companies may give advantage in the companies.

Even then movements in midcaps, small caps along with Tea, coffee, edibles, and many more may show movements. Watch electricals and electronics manufacturers. Oil exploration may get advantage, but marketing companies may face issues.

Foreign investors may not prefer to enter at this stage. FIIs are playing but not for long. Small and casual traders should protect their funds. Middle class people may face further issues, because of threat to lose the job or inflation Vs returns will trouble them. Soaring educational expenses, healthcare costs, and energy cost may trouble their budget and savings.

Investments in Quality stocks at better prices or in precious metals may give some gains.

Time to protect assets. INR may lose strength. Silver and gold may give opportunities to invest for long.

Nifty may try to hold the levels of 24000 but may look for 24250. Watch the trade after 12:30 Hrs (IST).

Indian Currency

Indian Rupee may trade in between 95.40 to 96.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.