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BSE Sensex Drops 185.42 Points to 73,478.30; NSE Nifty Falls 50.35 Points to 22,353.50

WS Audiology (WSA), a global leader in the hearing aid industry inaugurated by Sri Jayesh Ranjan, IAS - Special Chief Secretary

Financial Services, IT, Media, Realty, and Consumer Durables sectors emerged as top gainers.In the broader market, the BSE MidCap rose by 1.04 percent, and the BSE SmallCap climbed 0.87 percent.

Forex traders noted that the rupee is facing pressure due to ongoing elections and foreign fund outflows, expecting relief post-results.

Top gainers among Sensex components included Bharti Airtel, Infosys, Tech Mahindra, HCL Technologies, Mahindra & Mahindra, Reliance Industries, and Tata Consultancy Services.

In early trade, the 30-share BSE Sensex surged 138.53 points to reach 73,243.14, while the NSE Nifty rose by 60.7 points to 22,278.55.

According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.

Food inflation could ease if the monsoon turns favourable this year, as IMD weather forecasts suggests. Weather risks and the uptick in crude oil prices will be key to growth.

Kia said it accentuated the dynamism of the new EV6 under the company's design philosophy named "Modern Contrast."

Zoho's CEO Sridhar Vembu echoed Aggarwal's sentiment, stating, "India must firmly oppose this woke imperialism."

The seamless digital journey via the UPI mode has also resulted in people overspending on stuff they actually may not need at times.

The affordable price points, coupled with an 8-year/80,000 km extended battery warranty at no extra cost, make the S1 X scooters one of the most attractive EV propositions available in the market currently.

On Friday, the price of 24-carat gold soared to over a 10-day high, settling at Rs 73,090 per 10 grams.

Compared to the largecap, midcap, and smallcap indices are underperforming. Nifty Midcap 100 is down 2.10 points at 49,107, and Nifty Smallcap 100 is down 3.90 points at 15,991.

Among sectors, almost all the major sectoral indices witnessed profit booking at higher levels but energy and metal indices lost the most, shedding nearly 3 per cent.

“We will be operating 292 flights today. We have mobilised all resources and Air India will support us by operating on 20 of our routes,” said the airline in a statement.

After two years of recessionary fears, persistently high inflation, and unprecedented monetary tightening, the global macro-outlook looks relatively better now with improving growth, disinflation and monetary easing in sight, Chandrasekaran elaborated.

A section of our cabin crew reported sick at the last minute, starting last night (Tuesday), resulting in flight delays and cancellations.

The report highlights that out of the 82 per cent of stores located in the top eight cities, Hyderabad accounts for 15 per cent of them.

Indian airlines are looking to capture a large portion of the growth in international passenger traffic as it is typically more profitable due to higher margins

At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close.

According to data from layoff.fyi, a platform monitoring job cuts in the tech industry, 279 tech companies have collectively laid off 80,230 employees as of May 3.

The Pulsar NS series (the NS125, NS160, and NS200) got an exciting reboot in March 2023, upgraded with a new LED headlamp, digital instrument console, and Bluetooth connectivity.

In early trading, the 30-share BSE Sensex surged by 470.92 points, reaching 75,082.03, while the NSE Nifty soared by 139.5 points, hitting an all-time high of 22,787.70.