Transcription
According to the agreement of both countries for a 60-day ceasefire. Trump's final approval for the ceasefire is pending. Despite inflation at a 3-year high in America, US markets saw record gains. In 2 days, the Dow rose nearly 200 points to a new peak, while IT stocks saw buying, leading the Nasdaq to a record closing with a gain of 260 points. The S&P 500 also closed at a new high. The US delegation team will visit India for trade talks between June 1st and 4th. Work will be done to finalize the interim trade agreement. Amidst fluctuations, Brent crude is near $93. In the domestic market, silver jumped ₹3325 to above ₹269500, while gold rose ₹1300 to close near ₹157000. Gift Nifty fell sharply to near 23900. Dow Futures are flat. For the second day, FIIs sold ₹3337 crore net in cash, index, and stock futures combined. Domestic funds bought shares worth ₹3821 crore for the eighth consecutive day. Alkemy Lab's results for the March quarter were better than estimated. Ashok Leyland performed as per estimates. GMR Airports reported mixed results, while PG Electroplast and Bharat Dynamics performed very poorly. Today, Asian Paints and InterGlobe Aviation results will be released in Nifty. In futures, Glenmark Pharma, Inox Wind, Arihant, and NMDC results will be released. Wipro has extended its partnership with ServiceNow for embedded agentic AI workflows. After the news, ADR saw a strong jump of 18%. Today, a large block deal of ₹663 crore is possible in PB Fintech. Founders Yashish Dahiya and Ashok Bansal will sell a 0.8% stake at a floor price of ₹1720 per share. Today, Coal India's OFS for retail will open. The non-retail portion is subscribed more than eight times. The government will use the oversubscription option for a 1% stake. Online gaming companies have received a major setback from the Supreme Court. The court has upheld the 28% GST on online gaming companies. Delta Corp and other companies had appealed against the GST. Jas Life Sciences has increased its buyback price from ₹1150 to ₹1260 per share. Now, 87.3 lakh shares will be bought back instead of 95.7 lakh. Today, the India Meteorological Department (IMD) will release its second weather forecast. A press conference will be held at 9:00 AM.