Indian equity benchmarks registered weekly losses after bouts of volatility triggered by a mixed bag of Q4FY19 results. Indices were mostly dragged down by Yes Bank which fell as much as 26 per cent over the week. Markets also had a short trading week as there were holidays on Monday and Wednesday.

Orient Green Power Company Limited has informed the bourses about its policy on disinvestment of the biomass subsidiaries to enhance the value of the shareholders. The board has approved to disinvest its entire holding of 9,18,954 equity shares (aggregating 57.92 per cent) held in Sanjog Sugars and Eco-Power Private Limited (bio-mass subsidiary) in favour of Soorya Eco Power Private Limited.

The Lok Sabha elections are ongoing. With four phases of voting done already, the last of the votes will be cast on May 19 and on May 23, we would know who will represent India on the global front. The question here is why are elections so important for the markets. Will the elections be considered as an ‘event’ by the market participants or will it have a larger impact?

Sagar Cements has acquired 100 per cent shareholding in Jaipur Cements (JCPL) for setting up a greenfield cement grinding unit of 1.5 million ton capacity in Jaipur at a total cost of Rs. 308.10 crore. The process of setting-up of the said unit is being set in motion and will be completed by March 2021.

The stocks of L&T Technology Services Ltd has formed a bearish engulfing candle on a daily scale after touching horizontal trendline resistance, which indicates bears are taking control near the short term resistance.

GMR Infrastructure Limited made a public announcement that its associate company has successfully executed a resolution plan with the aim of debt reduction, on Friday.

Laurus Labs has reported a fall of 5.18 per cent in its net profit at Rs. 43.95 crore for the quarter as compared to Rs. 46.35 crore for the same quarter in the previous year.

New Fund Offers (NFOs) that are open for subscription.

Thomas Cook (India) and Sentosa Development Corporation (SDC), Singapore has entered into a three-year strategic agreement to send more tourists from India to Sentosa.

Following stocks are close to their 52-weeks low as at 1:05 p.m. on May 3, 2019.