The state-owned construction company, NBCC bagged Rs. 2,000 crore order from the central government for construction of Mahatma Gandhi Convention Centres (MGCC) in nine African countries. 

Following stocks are close to their 52-week low as at 12.47 p.m. on May 2, 2018.

The markets on May 2, 2018 opened gap up. BSE Sensex is trading at 35,233.51, up by 73.15 points and the Nifty is trading at 10,745.80, up by 6.45 points. 

The board of directors have recommended a dividend of Rs. 1.2 per equity share of face value of Rs. 10 each.

Strides Shasun Limited informed the bourses that its wholly-owned subsidiary Strides Pharma Global Pte. Limited has received final approval for Cinacalcet Hydrochloride Tablets from the USFDA.

On the last day for submitting the bids for Fortis Healthcare, Munjal-Burman and IHH Healthcare improve their offers for the hospital.

Overall volumes in futures & options currently stand at 48.91 lakh contracts with a turnover of Rs. 4,32,407.89 crore.

Overall volumes in futures & options currently stand at 48.91 lakh contracts with a turnover of Rs. 4,32,407.89 crore.

Going ahead, a decisive move above Monday’s high of 10,759 could take Nifty towards the level of 10,800, where it may face resistance. Stocks in the news: Grasim, Power Grid, BHEL, Mahindra Lifespaces, L&T, Godrej Properties, GAIL, Maithan Alloys and Fortis Healthcare.

The Indian markets are expected to open with a flat to negative note tracking mixed global cues. The auto stocks will be in limelight after auto companies reported strong sales data for the month of April.  India’s core sector growth came in at 4.1% for the month of March, which represent a 3-month low for the core sector number. The SGX Nifty is indicating that Nifty may lower by 14 points at 10,748.