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Opening bell: Nasdaq closes at record high; Dabur India, automobile stocks in news

LiveMint logoLiveMint 02-05-2017 R. Sree Ram

Tech shares propel Nasdaq to record high

In the US markets, Nasdaq closed at a record high helped by gains in shares of Apple Inc. S&P 500 at 2,388 points is slightly up 0.17%, as investors digested economic reports. In Asia, Japanese markets gained in morning trade.

Core sector output up 5% in March

Core sector output rose 5% in March, recovering from the one-year low growth rate of 1% in February. Read more.

New models drive car sales in April

Most automakers on Monday reported brisk passenger sales in April in a strong start to the new financial year, attracting consumers with new model launches, reports Mint.

Cement price hikes indicative of better volume and profitability

Cement price hikes in April indicate impending volume growth and possibly better profitability for cement makers in the current quarter, reports Mint.

UBS lowers Reliance Jio’s revenue market share estimates

Smart pricing by rivals may check the advance of Reliance Jio Infocomm Ltd, UBS Global Research said in a note. The broking firm expects Reliance Jio, a unit of Reliance Industries Ltd, to win a lower revenue market share in the next three years than it earlier thought. Read more.

Hero MotoCorp raises prices by up to Rs2,200

Hero MotoCorp Ltd hiked prices—in the range of Rs500 to Rs2,200—across models to offset the impact of rising input costs, reports PTI.

Dabur India sales fall 4.8% in Q4, profit flat

Dabur India Ltd reported a marginal Rs2 crore increase in consolidated net profit in the quarter ended 31 March 2017 with sales dipping 4.8% as businesses in some of the international markets were hit.

Bharat Financial posts Rs234.91 crore loss in March quarter

Higher bad loans and heavy provisioning pushed Bharat Financial Inclusion Ltd into deep losses in the March quarter, even as loan growth slowed. The company recorded a loss of Rs234.91 crore during the quarter.

Oil India notifies two discoveries in Assam

Oil India Ltd has notified two hydrocarbon discoveries in the upper Assam basin, reports The Hindu Business Line. According to the report, the discoveries were made during April.

Marico, RBL Bank earnings today

Marico Ltd, Kansai Nerolac Paints Ltd, RBL Bank Ltd, and Shriram City Union Finance Ltd are some of the company that will release their earnings for the March quarter on Tuesday.

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