The markets ended the four-session truncated week with minor gains, but volatility remained high and trading stayed in a narrow range as investors assessed mixed global and domestic cues. The benchmark indices witnessed sharp swings throughout the week, showing there was no clear trend in the market.
The week began on a positive note, as easing geopolitical tensions and stable Q4 FY26 earnings lifted sentiment. However, gains narrowed later as higher crude oil prices, weak Asian market signals, and continued foreign institutional investor (FII) selling weighed on investor sentiment. A weaker rupee and uncertainty around exit poll expectations also kept investors cautious.
Stock Market Cues To Watch This Week
The following stock market cues are likely to guide investor sentiment on D-Street in the coming week, from May 4-8.
Assembly Election Results
Investors will be keeping an eye on the assembly election results of five regions — Assam, Kerala, Tamil Nadu, West Bengal, and Puducherry — which were held in April 2026. The results will be declared on May 4 and may impact short-term market sentiment.
India Economic Activity Data
S&P Global will release India’s April Manufacturing PMI data on May 4 and Services PMI data on May 6. Strong numbers may support sentiment in banking, auto, capital goods, and consumption stocks.
China Inflation Data
China’s National Bureau of Statistics (NBS) will release April’s consumer price index (CPI)-based inflation data on May 5. Markets will watch the data for signs of recovery in consumer demand. Higher inflation may support metal and commodity stocks, while weak data could raise concerns over slowing global growth.
US Labour Market Data
The US will release the April ADP Non-Farm Employment data on May 6. On May 7, the US Department of Labor will publish weekly Initial Jobless Claims. On May 8, the US Bureau of Labor Statistics will release April Non-Farm Payrolls and unemployment data. These reports will guide the US Federal Reserve’s (Fed) decision on rates.
US Hiring Demand Data
The US Bureau of Labor Statistics will release March JOLTS Job Openings data on May 5. Investors use this report to assess labour demand and hiring conditions. A softer reading may strengthen hopes of Fed rate cuts, while a strong number may delay easing expectations.
