Gold Silver Reports (GSR) – Emami Gains After Board Plans To Consider Bonus Issue – Shares of the healthcare product maker rose as much as 7.3 percent, the most in over three months to Rs 1,204. The company said in a stock exchange filing that it plans to consider bonus shares and a dividend at a board meeting on May 3.
Stock Market
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Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint
Gold Silver Reports (GSR) – Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint – Shares of the information technology company fell as much as 4.6 percent to Rs 274, after weak March quarter earnings missed estimates widely.
Trader’s Guide to India Elections Says It’s Time to Buy Equities
Gold Silver Reports (GSR) – Trader’s Guide to India Elections Says It’s Time to Buy Equities — While Prime Minister Narendra Modi faces an uphill battle to sustain his party’s majority in the key lower house of parliament, the past six elections show positive returns for Indian equities over the two years that straddle the vote — regardless of whether power changed hands.
Stocks To Watch: Wipro, Kitex, Future Retail, Emami
Gold Silver Reports (GSR) – The S&P BSE Sensex fell 0.3 percent or 115.37 points to 34,501.27 and the NSE Nifty 50 index declined 0.4 percent or 43.80 points to 10,570.55. India’s benchmark indices snapped their two-day winning streak dragged down by bank and metal stocks amid the weakening rupee which fell to a fresh 13-month low.
Jute Product Makers Surge As Government Raises MSP
Gold Silver Reports (GSR) – Jute Product Makers Surge As Government Raises MSP – Shares of the jute product makers surged after the government raised minimum support prices for raw jute to Rs 3,700 per 100 kgs.
✅ Ludlow Jute & Specialties rose as much as 18.39 percent to Rs 103
✅ Cheviot rose as much as 5.68 percent to Rs 1,610
Sensex, Nifty Struggle; HDFC Twins Weigh
Gold Silver Reports (GSR) – Sensex, Nifty Struggle; HDFC Twins Weigh – Indian equity benchmarks were struggling dragged down by HDFC twins and ICICI Bank. However, the losses were capped as IT shares rose tracking weakness in Indian rupee against the U.S. dollar. The S&P BSE Sensex was trading 0.14 percent lower at 34,563 and the NSE Nifty 50 index fell 0.2 percent to 10,590.
T Index Rises Over 1.5% Tracking Rupee Weakness
Gold Silver Reports (GSR) – IT Index Rises Over 1.5% Tracking Rupee Weakness – Shares of IT companies were trading higher tracking weakness in Indian rupee against the U.S. dollar. Gauge of IT companies on the NSE — Nifty IT index rose 1.57 percent.