New Delhi, May 6 -- Positive vibes continue to push the market higher as trends begin to show some promise. However, Q4 results have been a mixed bag. As investors remain confused we need to tread these higher levels with caution.

Stock market on 5 May

The stock market hit its highest closing level of the year on 5 May, helped by strong foreign investments and a boost in confidence owing to falling crude oil prices.

The Sensex closed 295 points (0.4%) higher at 80,797, while the Nifty 50 advanced 114.45 points (0.47%) to 24,461. The BSE Midcap index jumped 1.45%, and the BSE Smallcap index rose 1.23%.

Also read: Treasury gains save SBI's day, but couldn't avert earnings downgrades

Investor optimism has remained solid, with benchmark ...