BSE Sensex closed at 77,017.79, down 251.61 points or 0.33 per cent. Nifty settled at 24,032.80, down 86.50 points or 0.36 per cent.

As of 2:00 PM, the Nifty50 was trading 75.95 points or 0.31 per cent down at 24,043.35, and the Sensex was trading 233.62 points or  0.30 per cent down at 77,026.61.

The Nifty50 was trading 99.50 points or 0.41 per cent down at 24,020.70, and the Sensex was trading 307.53 points or 0.40 down at 76,943.97.

Calcom Vision Limited (BSE: 517236), an Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) company, today announced its entry into the solar-powered outdoor street lighting segment as it expands into infrastructure-led and project-driven categories. The company expects to generate Rs 100 crore in revenue from this business by FY30.

The move is part of Calcom Vision's strategy to scale its business through diversification into solar and outdoor lighting solutions. The company's solar outdoor lighting range includes All-in-One (AIO) Solar Street Lights, Semi-Integrated Street Lights, and Remote Monitoring System (RMS) Street Lights, along with streetlights, flood lights, and high bay lights, designed for outdoor infrastructure, industrial premises, and commercial applications. The company has already witnessed early demand from clients.

Over the next five years, the solar outdoor lighting segment is expected to account for up to 20 per cent of the company's overall revenue. The expansion comes amid increasing adoption of solar-based lighting across highways, smart city projects, urban infrastructure, and rural electrification programs. With a focus on reducing grid dependency and improving energy efficiency, solar outdoor lighting is emerging as a key component in public infrastructure development.

The rupee slumped 46 paise to a new low of 95.41 against the US dollar. It settled at 94.95 a dollar on Monday. 

Monday's Nifty close at 24,119 (+0.51%) and FII's first session of buying after Rs 59,000 cr of April outflows masked an overnight reversal: UAE intercepted Iranian missiles, Wall Street sold off (Dow -1.13%), and crude unwound Project Freedom's gains. InvestorAi's book is positioned exactly for this Middle East flare-up - defensive pharma anchored by ONGC and Vedanta as the volatility hedge.

Where We're Concentrated

Half the conviction names are pharma - Lupin, Sun Pharma, Biocon, Max Healthcare, Torrent Pharma, Granules - riding earnings season and the sector's 9-11% FY26 growth runway. ONGC and Vedanta complete a defensive-with-commodity-tail posture. The thesis breaks if Iran de-escalates, crude collapses, and FII appetite rotates straight into financials and IT - pharma underperforms in clean risk-on rallies.

Conviction Picks

Highest Conviction

Lupin

Broadest model agreement of the month; US generics tailwinds and margin expansion into earnings.

Sun Pharma

Sector bellwether catching the Pharma index breakout - anchors the defensive cluster.

Macro Hedge

ONGC

Direct beneficiary if overnight Middle East escalation keeps Brent anchored above $108.

Vedanta

Metals beta and dividend yield as a cushion if VIX ticks back above 18.

Max Healthcare

Pure-play on domestic healthcare demand - uncorrelated to crude, rupee, or FII tape.

One Thing to Watch

Brent at $108. Sustained above and the pharma + ONGC barbell pays. A clean break below $105 on Iran de-escalation signals rotation back into BankNifty and IT - re-evaluate the defensive tilt.

BTC is hovering near $80K with noticeable volatility as US-Iran tensions continue to influence global markets. Rising oil prices, with WTI above $105 and Brent near $119, are shaping sentiment and keeping investors cautious. Traders are closely tracking a key resistance around $81.5K, while a gap near $84K on CME futures charts is seen as a potential upside level. Since the conflict began, BTC has gained 20%+, while gold has declined 13-14%, reflecting rate-driven pressure on non-yielding assets. In the near term, price moves are likely to stay sensitive to geopolitical developments, with quick swings in either direction.

Ashish Singhal, Co-founder at CoinSwitch

"Bitcoin is currently trading near the $80,000 mark, with noticeable volatility driven by ongoing geopolitical tensions between the US and Iran. Broader macro signals, particularly the sharp rise in oil prices, with WTI crossing $105 and Brent nearing $119, are adding to market uncertainty and keeping investor sentiment cautious.

From a market structure standpoint, we are seeing traders closely watch the $81,500 resistance level, while the CME futures gap around $84,000 remains a key zone for potential upside. These technical levels, combined with macro developments, will likely guide near-term price action.

Interestingly, since the onset of the conflict, Bitcoin has gained over 20%, while gold has declined by nearly 13-14%. This divergence reflects the continued impact of rate expectations on traditional non-yielding assets, while also highlighting Bitcoin's evolving role in global portfolios.

In the near term, we expect markets to remain sensitive to geopolitical developments, with the potential for sharp moves in either direction. For investors, this is a phase that underscores the importance of staying disciplined and focused on long-term fundamentals rather than short-term noise."

The BSE Sensex started Tuesday's trading session at 77,103.72, lower by 165.68 points or 0.21 per cent. The NSE Nifty50 opened with a loss of 66.70 points or 0.28 per cent at 24,052.60. 

The price of 24-carat gold fell Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 1,49,610, according to the GoodReturns website. The price of silver also declined by Rs 100, with one kilogram of the precious metal selling at Rs 2,64,900. 

As BJP's victory became clearer on Monday (May 4), stocks of several Kolkata-headquartered firms rallied up to 9 per cent. Read full report here

5 Financial Planning Mistakes That Cost More Than You Think

1.Not knowing your financial goals:"I want to grow my money" is not a goal. A child's education in 12 years, a home in 5, retirement at 55, these are goals. Without specificity, every investment decision becomes a guess.

2. Not knowing your risk appetite: Most investors discover their actual risk tolerance only when markets fall 30%. That's the worst time to find out. Know what volatility you can genuinely stomach before you invest, not after.

3. Having no emergency fund. Most salaried professionals are one medical emergency away from liquidating long-term investments at the worst possible time. Six months of expenses, kept liquid, is non-negotiable.

4. Not bothering with inflation: A fixed deposit returning 7% when inflation is at 6% (approx) is barely keeping pace. Real returns matter more than headline numbers.

5. Confusing income with wealth: A high salary feels like financial security. It isn't, until it's saved, invested, and working independently of you.

None of these are complicated to fix. They just require honesty about where your money actually stands today

Most people think wealth creation starts with investing. It doesn't. It starts with control. Wealthy individuals track cash flows closely. Read full report here

At the close on Monday (May 4), the total market cap of all BSE Sensex companies stood at Rs 4,66,84,495.