PRE MARKET
GIFT Nifty indicate a positive start for the broader index in India, with a gain of 106.50 points or 0.44 percent. The Nifty futures were trading around 24,249.00 level.
The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip in crude prices, and turning the page on their biggest monthly percentage gains in years.
The Dow Jones Industrial Average fell 35.68 points, or -0.07%, to 49,462.59, the S&P 500 gained 21.11 points, or 0.29%, to 7,230.12 and the Nasdaq Composite gained 222.13 points, or 0.89%, to 25,114.44.
Asian shares climbed as strong corporate earnings kept the technology sector buoyant, while oil fluctuated with mixed signals from the Middle East.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged strong up 0.38, 1.98, and 4.55 percent respectively.
STOCKS IN NEWS
KP Green Engineering
The company has received orders worth Rs 507.94 crore across six business segments.
Alkem Laboratories
The US FDA conducted an inspection at the company’s manufacturing facility located at Amaliya, Daman, from April 20 to May 1. At the end of the inspection, the company received a Form 483 with seven observations.
Zydus Lifesciences
The company’s subsidiary, Amplitude SAS, has acquired 100 percent share capital of FBC Medical and Aptitude Orthopedie, France. Both are simplified joint stock companies.
Ceigall India
Ceigall India–SAM India joint venture, in which Ceigall India holds a 74 percent stake and SAM India Builtwell holds 26 percent, has received a Letter of Acceptance (LoA) worth Rs 918.04 crore from Jaipur Metro Rail Corporation.
Source – Moneycontrol
