Live Market Updates Today: Trends on SGX Nifty indicates a flat start for the index in India

1 stock under F&O ban on NSE

Sun TV was the only stock under the F&O ban for May 4. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

FII and DII data

Foreign institutional investors (FIIs) net sellers of shares worth Rs 2289 crore, while domestic institutional investors (DIIs) net buyers of shares worth Rs 552 crore in the Indian equity market on May 3, as per provisional data available on the NSE.

20 companies to report Q4 results today

There are as many as 20 companies on the BSE that will report their March quarter results on May 4 which include names like Adani Ports, Alembic Pharma, Adani Total Gas, L&T Infotech, RBL Bank, Suven Life Sciences etc. among others.

UK and India announce $1.4 billion investment boost, step closer to trade deal

Britain and India announced 1 billion pounds ($1.39 billion) of private-sector investment and committed to seek a free trade deal ahead of a virtual meeting between Prime Minister Boris Johnson and Indian leader Narendra Modi on Tuesday.

The meeting replaces an in-person visit Johnson had planned to make last month to deepen cooperation as Britain seeks new trading partners after leaving the European Union. That visit was cancelled due to surging COVID-19 cases in India.

Supply chain bottlenecks amid roaring demand slow U.S. manufacturing

U.S. manufacturing activity grew at a slower pace in April, restrained by shortages of inputs as rising vaccinations against COVID-19 and massive fiscal stimulus unleashed pent-up demand.

The ISM’s index of national factory activity fell to a reading of 60.7 last month after surging to 64.7 in March, which was the highest level since December 1983. A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy. Economists polled by Reuters had forecast the index edging up to 65 in April.

Chemplast Sanmar files Rs 3,500-crore IPO papers

Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore.

Reserve Bank of India imposes Rs 3 crore penalty on ICICI Bank

The Reserve Bank of India (RBI) on May 3 imposed a monetary penalty of Rs 3 crore on ICICI Bank for certain rule violations. The penalty has been imposed for contravention of certain directions issued by the RBI on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’, the central bank said in a release.

Warren Buffett says Greg Able most likely to succeed him at Berkshire Hathaway

Warren Buffett, the founder of Berkshire Hathaway, said that Greg Abel, Berkshire’s vice chairman of non-insurance businesses, would most likely succeed him if he stepped down.

Buffett told CNBC that the board was in agreement that the 58-year-old would be the most likely successor at the company if anything were to happen to him, Bloomberg reported.

Fed's Powell says economic recovery clouded

The U.S. economy is doing better but is “not out of the woods yet,” Federal Reserve Chair Jerome Powell said on Monday in remarks that flagged an upcoming central bank study documenting the disproportionate blow suffered by the less educated and working parents during the coronavirus downturn, said a Reuters report.

As govt cuts GST, a look at duties on certain imported items

As India faces a shortage of medical-grade oxygen, hospital beds, and life-saving medicines like Remdesivir, there have been calls from various quarters to reduce the taxes on these items, whether produced domestically or imported.

Some states have even called for an emergency meeting of the Goods and Services Tax (GST) Council to review the GST applicable on medical equipment, devices and drugs.