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Nifty may kiss 15000 again - The Hindu BusinessLine

Nifty may kiss 15000 again May 10, 2021 Positive global cues lift sentiment Indian markets are expected to open higher on Monday, thanks to positive global cues. The SGX Nifty, which currently rules at 15,006 (8 am IST) on the Singapore Stock Exchange, indicates at least 130 points gap-up opening for Nifty futures, which on Friday closed at 14,869.55 Following a strong closing at the US on Friday, Asian markets too are ruling on firm ground on Monday. Benchmarks of Japan, Australia and Korea are up in excess of one per cent. Last week, the US indices such as Dow Jones Industrial Average and S&P 500 closed at a record high; even the tech-heavy Nasdaq, which was facing some headwind in recent times, closed with sharp gains on Friday.

Nifty hovers above 14,900

The domestic equities indices were trading in a narrow range in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 328.66 points or 0.67% at 49,535.13. The Nifty 50 index gained 116 points or 0.78% at 14,939.15. Housing Development Finance Corporation (HDFC) (up 1.48%), ICICI Bank (up 1.33%) and Larsen & Toubro (L&T) (up 3.52%) supported the indices. The broader indices outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.83%. The S&P BSE Small-Cap index added 0.96%. Buyers outpaced sellers. On the BSE, 2,005 shares rose and 997 shares fell. A total of 218 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,142.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,468.09 crore in the Indian equity market on 7 May 2021, provisional data showed.

Market rallies for 4th session

Domestic equity indices extended gains to fourth consecutive trading session on Monday. The Nifty ended near the 14,950 level. All sectoral indices on the NSE ended in the green. As per the provisional closing data, the S&P BSE Sensex, rose 295.94 points or 0.6% to 49,502.50. The Nifty 50 index rallied 119.2 points or 0.8% at 14,942.65. In the broader market, the S&P BSE Mid-Cap index added 0.97% while the S&P BSE Small-Cap index rose 0.94%. The market breadth was strong. On the BSE, 2,079 shares rose and 1027 shares fell. A total of 224 shares were unchanged. Coronavirus Update: Total COVID-19 confirmed cases worldwide stood at 15,83,34,639 with 32,93,120 deaths. India reported 37,45,237 active cases of COVID-19 infection and 2,46,116 deaths while 1,86,71,222 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.

Jubilant Pharma receives favourable judgement from US Court of Appeals

In matter related to patent dispute with Bracco DiagnosticsJubilant Pharma, a subsidiary of Jubilant Pharmova, announced that it has received a favorable and unanimous judgment from the United States Court of Appeals summarily affirming Jubilant s earlier favorable rulings from the US Patent Office (PTAB) and the US International Trade Commission (ITC). These two rulings by the Appellate Court deny the appeals filed by Bracco Diagnostics, Inc (Bracco). Jubilant successfully challenged Bracco s patent infringement claims in an Inter Parties Review (IPR) proceeding before the U.S. Patent Office as well as in a separate proceeding in the ITC. In both instances, Jubilant was successful.

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