Stock Market Live Update: Nifty, Sensex Rise At Pre-Open 

At pre-open, the NSE Nifty 50 rose 0.30% to 24,419.50, and the BSE Sensex rose 0.19% to 80,656.98.

India Money Market Update: Rupee Strengthens & 10-Year Bond Yield Trades Flat 

Rupee Opens Stronger Against US Dollar

  • Rupee opened 11 paise stronger at 84.45 against US dollar

  • It closed at 84.56 a dollar on Friday

Source: Bloomberg

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.36%

Source: Bloomberg

Stock Market Live Update: Biocon Arm Gets Market Access Agreements For Yesintek

Biocon’s arm secures multiple market access agreements for Yesintek in the US. Yesintek is used to treat plaque psoriasis, according to an exchange filing.

Stock Market Today: Jefferies On Marico

  • Maintain Buy and hike target price to Rs 800 from Rs 780

  • A Reasonable Outcome

  • India volume growth appears impressive in the context of tough macro

  • International growth was also strong

  • Ebitda margin however remained under pressure due to GM pressure along with higher A&P spends

  • Management outlook is reasonably positive on growth in core as well as growth portfolio

Stock Market Live Update: Oberoi Realty Registers Booking Value Of Rs 970 Crore

Oberoi Realty registers a gross booking value of Rs 970 crore with the launch of Elysian Tower D at Goregaon, Mumbai. The project has a carpet area of 2.1 lakh square feet and a saleable area of 3.25 lakh square feet.

Stock Market Today: Citi On Avenue Supermarts

  • Maintain Sell and cut target price to Rs 3,250 from Rs 3,350

  • EBITDA/adj PAT missed Citi est by 5%/8% due to EBITDA margin contraction

  • Q4: Double Whammy of Competition on gross margin and Opex

  • EBITDA growth has lagged revenue growth in 10 of the last 11 quarters, likely due to competition from quick commerce

  • Expect Avenue Supermarts to turn into net debt from net cash over the next 2-3 years

  • Seek a better entry point/valuation as risk-reward seems unfavorable

Stock Market Live Update: Kotak Securities On Ami Organics

  • Initiate Buy with a target price of Rs 1,450

  • A good, strong growth story

  • Healthy visibility into rapid growth ahead

  • Growth drivers: Scale-up of pharma CDMO and specialty chemicals businesses

  • Financials: 30%/35% CAGRs in revenues/EPS over FY25-30

Key risks: Tariff roadblocks, regulatory challenges, execution missteps

Gold Prices Rebound Ahead Of US Fed Meet 

Gold prices rebounded from losses in Asia session Monday as market participants braced themselves for the outcome of the US Federal Reserve, later this week. The US central bank is widely expected to hold rate steady despite President Donald Trump’s pressure to lower rates. Commentary from the Chair Jerome Powell will be significant for future cues.

The Bloomberg spot gold was trading 0.61% higher at $3,260.04 as of 7:52 a.m.

Oil Futures Fall To Near One-Month Low As OPEC+ To Increase Output 

Crude oil prices declined to nearly one-month low Monday on antcipated supply increase in near future after Organization and Petroleum Exporting Countries and its allies decided to increase output for second consecutive month. In June, output will likely increase by 411,000 barrels per day. 

The July future contract of brent crude fell 4.55% to $58.50 a barrel, touching the lowest level since April 9. It was trading 3.64% down at $59.06 a barrel as of 7:27 a.m. 

Asia Market Update: Australian Share Indices Fall Post Re-election 

Share indices in Australia declined Monday after Prime Minister Anthony Albanese won a second term and returned to power. The S&P ASX 200 was trading 0.74% down at 8,175.90 as of 7:43 a.m.

Market participants will closely monitor upcoming US Federal Reserve policy meeting and US–China trade talks. Beijing said that it’s mulling an offer from the US to hold trade talks between US and China.

Financial markets in Japan, South Korea, and China are closed for public holidays.

US Market Update: S&P 500 Posts Best Winning Streak Since 2004

US share indices ended higher Friday as upbeat jobs data assuaged some of the tension about the economy and hope of negotiation between China and US. The S&P 500 rose for ninth consecutive session to mark the best winning streak from 2004. The Dow Jones Industrial Average also hit a nine-day winning streak, which is the longest since December, 2023.

On Friday, the Dow Jones Industrial Average and S&P 500 ended 1.39% and 1.47% higher, respectively. The Nasdaq Composite ended 1.51% higher.

GIFT Nifty Hints At Negative Start; SBI, Kotak Bank, DMart, Tata Steel Shares In Focus

The GIFT Nifty was trading 0.09%, or 22 points down at 24,517.00 as of 6:48 a.m., indicating a negative start for the benchmark NSE Nifty 50.

State Bank of India, Kotak Mahindra Bank Ltd., and Avenue Supermarts Ltd. reported a decrease in net profit during the January–March quarter. Life Insurance Corp. of India raised stake in Tata Steel Ltd. RailTel Corp. of India, and Ircon International Ltd. reported order wins over the weekend. Investors may keep an eye on these stocks for movements on Monday.

On Friday, India’s benchmark equity indices ended a holiday-shortened week higher, swinging to green after a day of decline. The NSE Nifty 50 closed 0.05% higher at 24,346.70, while the BSE Sensex ended 0.32% up at 80,501.99.

. Read more on Markets by NDTV Profit.The NSE Nifty Auto led gains at open as data showed total vehicle sales rose 3% on the year. Track live updates on Indian stock markets here on May 5.  Read MoreMarkets, Business, Notifications 

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