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Market opening - An Overview
Nifty futures on the Singapore Exchange traded over 100 points lower in signs that Dalal Street was headed for a negative start on Monday.
Stocks pulled back on Wall Street, easing the S&P 500 below the record high it set a day earlier, but still closed out their best month this year. On Friday, the S&P500 index fell 30.30 points, or 0.7 per cent, to 4,181.17. The Dow Jones Industrial Average index shed 185.51 points, or 0.5 per cent, to 33,874.85. The Nasdaq Composite index fell 119.86 points, or 0.9 per cent, to 13,962.68.
Snapping its four-day winning streak, the rupee settled with a marginal 2 paise loss at 74.09 against the US dollar amid concerns over economic recovery in view of mounting Covid-19 cases in the country.
Shares in News Today:
Hero MotoCorp: Said it has sold 3,72,285 units last month, down by 35 per cent from 5,76,957 units dispatched in March this year
Bajaj Electricals: The company said it has bought the remaining stakes of Starlite Lighting Ltd for a cash consideration of around Rs 60 crore from its promoters.
Amara Raja Batteries: The battery maker said it has received closure orders from the Andhra Pradesh Pollution Control Board (APPCB) for its plants located in the state.
IndusInd Bank: The private sector lender reported a 193 per cent jump in consolidated profit after tax at Rs 926 crore for March quarter, aided by higher net interest income and lower provisions.
Eicher Motors: Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, said it has sold a total of 53,298 units in April, down 19 per cent from 66,058 units in March this year. The company’s domestic sales stood at 48,789 units, down 19 per cent from 60,173 units in March.