First Trade: Indices open mixed, Nifty hovers near 24,300; Eternal tumbles over 5%

Indian stock market, Nifty50: Indian equities, after a mid-week holiday, opened higher mirroring positive global cues together with the strong domestic macros. The BSE Sensex opened at 80,300, higher by 57.95 points or 0.07 per cent from its previous close, while NSE's Nifty 50 opened 22.30 points or 0.09 per cent lower at 24,311.90 levels.

Meanwhile, broader markets also showed a mixed trend, with the midcap gauge up by a tad, while the smallcap index fell.

Bank Nifty- the high beta index was up led by gains in heavyweights including ICICI Bank, HDFC Bank and Axis Bank among others.

From the Nifty50 pack, top gainers included stocks like Maruti Suzuki, Hindalco, Jio Financial, Axis Bank and Trent, while laggards were ONGC, Titan, Cipla, JSW Steel and Bajaj Finserv.

In a mixed sectoral show, banks, financials, IT and oil & gas indices led the gains followed by auto and metal indices. However, FMCG, pharma, realty and consumer durables pack saw selling action.

Eternal Ltd: Shares of the food delivery services firm - Eternal (previously Zomato) will be in focus post the company's earnings were announced on Thursday. For the March quarter, the company posted disappointing results as profitability took a hit due to aggressive store expansion.

Also Read: Zomato Q4 Results 2025: Net profit declines 77% YoY despite revenue growth

Marico: Shares of the FMCG player will be in focus ahead of its earnings later today.

Indus Towers: Shares of the telecom infra company will gain spotlight after its Q4 earnings. During the review period, the company's profit fell 56 per cent on-year.

PNB Housing Finance: In the pre-opening trade, 4.19 per cent equity changed hands. Reportedly, Carlyle Group has divested its stake in the housing financier.

Asian markets traded higher on Friday (May 2, 2025) amid rising hopes of a de-escalation in the US-China trade war after China said it is “currently assessing” proposals by the United States for beginning trade talks.

"The US has recently sent multiple messages to China through relevant parties, hoping to start talks with China. China is currently evaluating this," said the spokesperson for China’s Commerce Ministry in a statement today.

Hong Kong's Hang Seng was up 1.5 per cent, while South Korea's Kospi traded with marginal gains of 0.1 per cent. Meanwhile, Japan's Nikkei and Singapore's Straits Times traded with gains of 0.69 per cent and 0.19 per cent, respectively.

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