PRE MARKET
The GIFT Nifty index was trading with a loss of 0.78 percent on Monday morning, ahead of the Indian domestic markets opening, signalling a weak start for benchmark indices Sensex and Nifty. At around 8.00 am, GIFT Nifty futures were at 24,050.
US stock futures edged mixed on Monday morning after Wall Street hit record highs last week on the back of upbeat corporate earnings and a strong payrolls report. S&P 500 futures up by 0.84 percent, while Nasdaq futures increased 1.71 percent.
Asian markets traded mixed on Monday, with gains in select AI-related stocks supporting equities in Tokyo and Seoul.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged mixed -0.32, -0.31, and 0.81 percent respectively.
Foreign institutional investors remained net sellers on Friday, offloading Indian equities worth Rs 4,111 crore. Domestic institutional investors continued their buying streak for the eleventh straight session, with net inflows of Rs 6,748 crore.
STOCKS IN NEWS
CMS Info Systems
The company has received an ATM managed services outsourcing mandate from HDFC Bank. As part of a five-year contract worth Rs 400 crore, CMS will provide managed service solutions, including currency forecasting and logistics.
Steel Authority Of India
Ashok Kumar Panda has joined the company as Chairman and Managing Director, effective May 9.
RateGain Travel Technologies
Rohan Mittal has resigned as the Chief Financial Officer (CFO) of the company, effective May 8, due to personal reasons and family commitments.
The Board has appointed Ankit Aggarwal as the Deputy CFO of the company, and he will act as Interim CFO effective May 9.
Honasa Consumer
Yatish Bhargava has resigned as the Chief Business Officer of the company due to personal circumstances. He will cease to be part of the senior management team effective May 15.
Source – Moneycontrol
