Indian stock markets extended their gains for the third consecutive week, marking the longest winning streak since December 2024. The Nifty and Sensex indices each rose by approximately 1%, supported by strong foreign portfolio investor (FPI) inflows and robust performances from key companies. Reliance Industries led the rally with a 10% surge, recording its best week in five years. The realty sector was also among the top performers during this period. Despite the broad market gains, broader indices underperformed, while around 20 small-cap stocks posted gains between 10% and 29%. Market dynamics showed a divergence between index returns and median returns, indicating growing profit concentration. Stocks in focus for trading on May 2 included PNB Housing, JSW Energy, Maruti Suzuki, Mahindra & Mahindra, Paras Defence, Federal Bank, Eternal, Mobikwik, NMDC, NCC, Adani Enterprises, Tata Motors, Infosys, Marico, HAL, and Bandhan Bank amid ongoing market volatility.