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Trends in the GIFT Nifty indicate a flat start for the broader index in India, with a gain of 10 points or 0.04 percent. The Nifty futures were trading around the 22,590 level.
High raw material costs dragged Lupin's Q4 net profit to below the Street's estimate, however, the sharp margin improvement provided much cushion to investor sentiment.
While headwinds were a drag on Route Mobile's Q4 earnings, a line-up of big deals in FY25 is expected to aid synergies and bring better times.
On May 7, Sensex closed 383 points (0.5%) lower at 73,511.85, while the Nifty 50 fell 141 points (0.6%) to 22,301.50
However, JM Financial sees more growth engines now for Tata Tech than a few years ago, largely backed by its diverse portfolio