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The Indian benchmark indices BSE Sensex and NSE Nifty are set to start the week on a positive note, tracking firm cues from global equity markets and firm trends in GIFT Nifty futures. At
8:00 AM, the GIFT Nifty index was up 111.5 points, or 0.46%, at 24,515, indicating a gap-up opening for domestic equity benchmarks.
On Friday, domestic bourses ended higher in choppy trade, with the BSE benchmark Sensex holding crucial 80,500 level, and the broader NSE Nifty50 hovering around 24,300 mark. At the close,
the BSE Sensex was up 260 points, or 0.32%, at 80,502, and the NSE Nifty50 settled 12.50 points, or 0.05%, higher at 24,347.
On a weekly basis, Indian stock markets extended their bull run for the third consecutive week, driven by trade talk optimism and sustained foreign fund inflows. During the holiday-shortened
week ended May 2, the 30-share Sensex gained 1,289 points, or 1.6%, to settle at 80,502 level, and the Nifty50 added 307 points, 1.3%, to close at 24,347 mark. Underperforming benchmark
indices, the broader markets ended mixed, with BSE Midcap gaining 0.4% and BSE Smallcap closing lower by 1.3%.
On the global front, Wall Street ended higher on Friday on the back of higher-than-expected jobs numbers and signs of easing trade tensions between U.S and China. The S&P 500 and tech-heavy
Nasdaq Composite rose 1.5% each, and the Dow Jones Industrial Average climbed 1.4%. Meanwhile, in Asia-Pacific region, most markets are closed for holidays, including Japan, South Korea,
Hong Kong, and China.
Q4 results today: Mahindra & Mahindra, Zee Media Corporation, Indian Hotels Company, Coforge, Jammu & Kashmir Bank, Nureca, Unicommerce Esolutions, Bombay Dyeing & Manufacturing Company, CCL
Products, Capri Global Capital, Cigniti Technologies, Ethos, and many others will unveil their quarterly results on May 5.
Azad Engineering: The company has inked a supply agreement with GE Steam Power GMBH, through its GE Vernova Power business based in Baden, Switzerland, for the manufacture and supply of
highly engineered and complex rotating and stationary airfoils.
Shilpa Medicare: The company's biologics subsidiary, Shilpa Biologics, has received European GMP certification for its Dharwad plant in Karnataka for manufacturing test batches, based on a
recent inspection.
Concord Biotech: The U.S. Food and Drug Administration has issued Form 483 with four observations for the company's API facility in Dholka.
GOCL Corporation: The company has received its board nod to sell its subsidiary, IDL Explosives, to Apollo Defence Industries for Rs 107 crore.
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