Business

Gold price prediction today: Gold prices are seeing consolidation, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities has recommended Yatharth Hospital & Trauma Care Services Ltd, and Gujarat Ambuja Exports Ltd as the top stock recommendations for the week.

Stock market today: Nifty50 and BSE Sensex rallied strongly in opening trade on Monday as crude oil prices dipped and US President Donald Trump signalled help for ships stuck in the Strait of Hormuz. State election results from West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry are also in focus

Despite the modest pullback, oil prices continued to hold above $100 a barrel, as no breakthrough had been reached in the US-Iran talks and shipping movement through the Strait of Hormuz remained constrained.

Stock market recommendations: Granules, and UltraTech Cement have been picked as the top stock recommendations from the week starting May 4, 2026 by Motilal Oswal Wealth Management Research Desk. Let’s take a look:

Rohit Jain has been appointed as the new Deputy Governor of the Reserve Bank of India, filling the vacancy left by T Rabi Sankar. Jain, previously an executive director overseeing bank supervision, will serve until May 2029. His appointment comes as the RBI focuses on preparing financial institutions for emerging threats like cybersecurity, a concern

Employees are noticing a dip in take-home salaries due to new labour codes impacting salary structures. Increased Provident Fund and gratuity contributions, now based on a higher basic salary component, are the primary reasons. Companies are issuing explanations, with some, like SAP India, implementing measures to offset the reduced monthly pay and stabilize employee compensation.

Indian stock markets are poised for a volatile week, with state election results and elevated crude oil prices due to West Asia tensions taking center stage. Investors will closely monitor the impact of these factors on inflation, the rupee, and corporate earnings. Key economic data and corporate announcements are also expected to influence market movements.