📊 At 9:15 AM, the Sensex improved by 252.56 points or 0.47% at 53487.33, and the Nifty gained 77.50 points or 0.49% at 15912.90. About 1263 shares have advanced and 331 shares have declined.
👉 Tata Motors (🔼1.93%), ONGC (🔼1.67%) and Eicher (🔼1.52%) appeared as the top performers on the Nifty50 at open.
Drone Destination on May 6 said it has signed an agreement with cooperative major IFFCO for spraying agricultural products on up to 30 lakh acres of farm land. According to company officials, under the agreement Drone Destination could get paid in the range of Rs 400 to Rs 800 per acre at prevailing market rates, implying that the deal will fetch a revenue of Rs 120 crore in the lower price band.
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Central Depository Services (CDSL), the country's largest depository, recorded an addition of 1.09 crore demat accounts in the quarter ended March 31, 2024, compared to 51 lakh accounts added during the same period a year ago. For the fiscal year ended March 2024, the depository saw a total addition of 3.26 crore new demat accounts, bringing the total number of accounts to 11.56 crore.
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Shares of Titan Company plunged 7.2% Monday after fourth-quarter results showed profitability is under pressure. Most analysts trimmed their price targets on the stock, but the forecasts still imply upside of 8-22% over Monday's closing price of ₹3,281. Analysts said rising gold prices could dent demand for Titan's products.
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