News Overview

Brent crude futures dropped 27 cents, or 0.3%, to $81.63 a barrel. West Texas Intermediate (WTI) futures for the United States were down 0.5%, or 35 cents, to $77.14.

WPI inflation for April 2024 showed a strong bounce with prices bouncing across food, fuel, and manufacturing baskets

Spot gold remained steady at $2,377.48 an ounce. On Monday, gold reached a record high of 2,449.89. At $2,378.20, gold futures were down 0.6%.

Asian markets mixed after US Fed minutes indicated inflation concerns and limited interest rate cut expectations.

Here are some of the stocks that may see movement today: Nykaa, Jubilant Foodworks, Ramco Cements, Grasim Industries, Gland Pharma, Power Grid, etc.

During their meeting on April 30-May 1, Fed officials expressed their continued belief that pricing pressures will subside, even if they did so gradually.

The IPO will remain open until May 26, 2024, at which time the final subscription status will be announced.

The bank reached a milestone of ₹1,02,138 Crore in total business for FY24, surpassing the ₹1 lakh Crore mark for the first time.

The crossing of the ₹20,000 Crore mark in SIPs did not happen in March, but surely happened in April

The company announced a final dividend of ₹3.50 per equity share for FY24.