On May 3, 2026, the Indian stock market saw the Nifty 50 index increase by 0.4% to reach 23,998, despite ongoing geopolitical tensions. Broader market indices also performed well, indicating overall positive market sentiment. Dharmesh Shah of ICICI Securities highlighted Power Grid shares as a stock to watch amid this environment. He anticipates a consolidation phase in the market and advises investors to focus on high-quality stocks. Monitoring geopolitical developments remains crucial as the earnings season progresses, influencing market dynamics and investor decisions. Despite ongoing geopolitical tensions, Nifty 50 increased by 0.4% to 23,998. Broader market indices performed well. The update was published on 3 May 2026, 8:01 am.