Mumbai, May 4 -- The domestic stock markets began the month of May on a positive note, with both benchmark indices opening in the green as investors tracked state election results and global developments.

The Nifty 50 index opened at 24,063.55, rising 66 points or 0.28 per cent, while the BSE Sensex opened at 77,257.27, gaining 343.77 points or 0.45 per cent.

Market participants said sentiment remained supported by positive global cues, while domestic factors such as election results are expected to influence near-term movement.

Ajay Bagga, Banking and market expert, told ANI that markets are set for a constructive start after the holiday break.

"Indian markets return today after the Buddha Purnima and Maharashtra Day holiday and are ...