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Market opening - An Overview
Nifty futures on the Singapore Exchange traded
191 points, or 1.28 per cent, lower at 14734.7 in signs that Dalal Street was
headed for a negative start on Friday.
The S&P 500 finished at a fresh record
as investors weighed strong earnings and good economic data against concerns
equities have little room to rise after a strong run. After a volatile session
in which the index tripped into negative territory at midday, the broad-based
S&P500 index ended with a gain of 0.7 percent at 4,211.47. The Dow Jones
Industrial Average index rose 0.7 percent to finish at 34,060.36, while the
tech-rich Nasdaq Composite index advanced 0.2 percent to 14,082.55.
The rupee rose by 29 paise to close at 74.07
against the US dollar on Thursday, extending gains for the fourth straight
session amid a positive trend in domestic equities.
Shares in News today:
Titan
Company: The Tata group firm reported an increase of
65.6 per cent in its consolidated net profit to Rs 568 crore for the fourth
quarter ended March 31, helped by a strong growth in jewellery segment. It had
posted a net profit of Rs 343 crore in the January-March 2020 quarter.
Ambuja
Cements: The cement maker, part of Swiss firm LafargeHolcim,
reported a 65.4 per cent jump in consolidated net profit to Rs 1,228.24 crore
for the first quarter ended March 2021, helped by volume growth.
Escorts: Farm
equipment major Escorts said it will temporarily shut down its manufacturing
operations on a selective basis between May 1 and May 3 amid the deteriorating
Covid-19 situation in the country.
CPCL:
Chennai Petroleum Corporation, a group company of Indian Oil, has reported
standalone net profits at Rs 332.95 crore for the quarter ending March 31,
2021.
Exide
Industries: Battery maker Exide Industries on Thursday
reported a 36 per cent increase in consolidated profit after tax at Rs 320.17
crore in the fourth quarter ended March riding on robust sales growth.