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Stock Market LIVE: Nifty, Sensex may open higher tracking positive global cues; GIFT Nifty up 11pts
Stock Market LIVE on Friday, May 2, 2024: Benchmarks Sensex and Nifty50 may start on a positive note on Friday, tracking strong global cues.
At 7:40 AM, GIFT Nifty futures were up at 24,430, higher by 11 points.
Asian markets were buzzing in trade, tracking Wall Street. Nikkei led with a gain of 1.10 per cent, followed by Asia Dow of 0.72 per cent, ASX 200 up 0.63 per cent, and Kospi up 0.11 per cent. Shanghai Composite, on the other hand, traded lower by 0.32 per cent. ALSO READ: Top Stocks to Watch Today: Eternal, Adani Ports, NCC, JSW Infra, auto stocks
Meanwhile, overnight in the US, major indices settled higher, with tech-heavy Nasdaq leading the charge. Nasdaq ended 1.52 per cent higher, while Dow Jones settled 0.21 per cent higher, and S&P 500 closed 0.63 per cent higher. US 10-year Treasury yields rose to 4.23 per cent despite signs of economic contraction and flat inflation in March. Safe-haven gold slipped to a two-week low amid easing trade tensions and a holiday in top consumer China.
In the primary markets, basis of allotment of Ather Energy IPO shares is scheduled to be finalised today. Among the SME segment, Wagons Learning IPO opens for public subscription today. Besides this, the basis of allotment of Iware Supply Chain Services IPO shares will be finalised today. Meanwhile, Kenrik Industries IPO and Arunaya Organics IPO will enter their third day of subscription. Indian equity markets responded in counter-intuitive fashion to the tariff war and lukewarm corporate results. The benchmark Nifty50 was up 3.5 per cent month-on-month in April, despite a steep correction around the 'Liberation Day'. READ MORE
7:54 AM
Stock Market LIVE Updates: Asian markets trade higher
First Published: May 02 2025 | 7:46 AM IST
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