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Indian stock market benchmarks, the Sensex and the Nifty 50, ended in the positive territory on Monday, May 5, on gains led by select heavyweights such as HDFC Bank, Mahindra and Mahindra and ITC.

The Sensex closed with a gain of 295 points, or 0.37 per cent, at 80,796.84, while the Nifty 50 settled at 24,461.15, up 114 points, or 0.47 per cent. The mid and small-cap segments strongly outperformed. The BSE Midcap jumped 1.45 per cent, while the Smallcap index climbed 1.23 per cent.

Solid gains in the midcap and small-cap indices drove the overall market capitalisation of BSE-listed firms to nearly ₹428 lakh crore from ₹423 lakh crore in the previous session, making investors richer by about ₹5 lakh crore in a single session.

Let's take a look at 10 key highlights of the stock market today:

HDFC Bank, Mahindra and Mahindra, ITC, Reliance Industries and Adani Ports were the top contributors to the gains in the Sensex index. On the flip side, Kotak Mahindra Bank, SBI and Axis Bank were the top drags on the index.

The domestic market is witnessing stock-specific action amid the ongoing earnings season. While healthy domestic macro, easing trade war concerns, foreign capital inflow, falling crude oil prices and the dollar's decline are some of the key tailwinds for the market, escalating tensions between India and Pakistan loom as a key risk.

"The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment," Vinod Nair, the head of research at Geojit Investments Limited, observed.

"However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results. Over the past month, the broad market has recouped more than 50 per cent of the losses incurred during the consolidation period from September 2024 to March 2025. Q4 results to date have been sluggish, and there is a thin layer of caution due to border tensions, which could have a short-term impact on the market," Nair said.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

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