NDTV Profit Pulse On May 5: Top 8 Stories At 8 P.M. Under 8 Minutes
On the equity markets front, US stocks saw a selloff, and Indian benchmark indices continued their upward trajectory for the second session in a row.
The day's top news includes the markets regulator SEBI's new governance framework to strengthened the market infrastructure institutions, IMD's orange alert for 13 states, Russian President Vladimir Putin acceptance of Prime Minister Narendra Modi's invitation to visit India and a slew of key fourth quarter earnings.
On the equity markets front, US stocks saw a selloff, and Indian benchmark indices continued their upward trajectory for the second session in a row.
Here’s a quick roundup of today’s top stories.
SEBI Tightens Governance Rules For Market Infrastructure Institutions
Markets regulator SEBI has strengthened the governance framework of market infrastructure institutions – stock exchanges, clearing corporations and depositories – by prescribing a mandatory cooling-off period for directors before they can join a competing institution.
Read the full details here.
IMD Issues Orange Alert For 13 States
The India Meteorological Department issued an orange alert for 13 states for the next few days. The alert has been issued in anticipation of thunderstorms accompanied by lightning, light to moderate rainfall, and gusty winds reaching speeds of 70 km/h at isolated locations.
Read the full story here.
Saudis Warn Of More Crude Oil Supply Unless OPEC+ Cheats Fall In Line
OPEC+ leader Saudi Arabia warned the group’s overproducing members it could amplify a historic shift in policy and deliver further production increases unless they fall in line, delegates said.
Click here to read the full story.
Berkshire’s Board Names Abel Greg Next CEO
Berkshire Hathaway Inc. followed Chief Executive Officer Warren Buffett’s recommendation, naming Vice Chairman Greg Abel to replace the billionaire as CEO, effective Jan. 1.
Read here to know what happens next.
Coforge Q4 Results
Coforge sees an uptick in profit and revenue for the fourth quarter but has missed the Bloomberg analyst's estimates. The board has also declared the fourth interim dividend of Rs 19 per equity share for the financial year 2025.
Read the full story here.
Market Recap
The US market run came to a halt as President Donald Trump’s latest tariff remarks provided little relief to investors bracing for the impacts of his trade war on the economy and corporate earnings. Following its longest winning streak in about 20 years, the S&P 500 fell nearly 1%. Meanwhile, the Nasdaq 100 fell 0.8% and the Dow Jones Industrial Average fell 0.5%.
Meanwhile, India's benchmark equity indices ended higher for the second session in a row on Monday. The NSE Nifty 50 closed 114.45 points or 0.47%, higher at 24,461.15, while the BSE Sensex ended 294.85 points or 0.37%, up at 80,796.84.
Check full details here.
President Putin Accepts PM Modi's Invitation To Visit India
Russian President Vladimir Putin has accepted Prime Minister Narendra Modi's invitation to visit India for the annual high-level meeting, as the two leaders held a telephone conversation on Monday, the Kremlin said.
Read full details here.
Home Ministry Asks States To Conduct Mock Drills
The Union Home Ministry has asked several states to conduct mock drills on May 7 amid rising tensions with Pakistan following the Pahalgam terror attack, government sources said.
Click to know more.
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