LIVEMarkets rolling coverageStarted: May 3, 2026, 12:00 AM EDTUpdated: May 3, 2026, 11:59 PM EDT Stock Market Update May 4, 2026: Gift Nifty Signals Gap-Up; Key Q4 Results and Election Outcomes in Focus May 3, 2026, 11:59 PM EDT. The Indian stock market fell sharply on May 3, with Nifty 50 dropping 180 points to close at 23,997 amid broad sector sell-offs led by metals, realty, and FMCG. However, the Gift Nifty futures index signaled a gap-up start for May 4, trading roughly 120 points higher early in the session. This positive momentum aligns with improving sentiment in Asian markets.