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The benchmark Sensex and Nifty indices are likely to open gap-up on May 2 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 127.50 points.

On Tuesday, the 30-share benchmark index ended at 74482.78 down by -188.5 points or by -0.25 % and then NSE Nifty was at 22604.85 down by -38.55 points or by -0.17 %.

On the global front, Asia-Pacific stock markets mostly declined following the U.S. Federal Reserve's decision to maintain interest rates unchanged after its two-day meeting. Fed Chair Jerome Powell's assurance against a rate hike relieved concerns about the central bank's ability to manage inflation.

Japan's Nikkei 225 was down 0.29 per cent, while broad based Topix index shedded 0.11 per cent. South Korea’s Kospi was trading almost flat, down 0.08 per cent. Meanwhile, Australia’s S&P/ASX 200 rose by 0.33 per cent. On the other hand, Wall Street's stock indices closed with a varied performance on Wednesday following the conclusion of the Fed meeting. The Dow gained 87.37 points, marking a 0.23 per cent increase. Conversely, the S&P 500 declined by 0.34 per cent, and the Nasdaq Composite dropped 0.33 per cent. Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 55043389.00, Power Grid Corporation of India Ltd. 33288857.00, ICICI Bank Ltd. 29568491.00, State Bank of India 27449073.00, HDFC Bank Ltd. 26153691.00, On NSE, total number of shares traded was 484.77 Crore and total turnover stood at Rs. 125255.63 Crore. On NSE Future and Options, total number of contracts traded in index futures was 500982 with a total turnover of Rs. 33228.31 Crore. Along with this total number of contracts traded in stock futures were 1812662 with a total turnover of Rs. 143238.84 Crore. Total numbers of contracts for index options were 908831830 with a total turnover of Rs. 67986831.13 Crore. and total numbers of contracts for stock options were 4974545 with a total turnover of Rs. 406492.72 Crore.

The FIIs on 30/04/2024 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 13838.91 Crore and gross debt purchased stood at Rs. 794.69 Crore, while the gross equity sold stood at Rs. 13833.38 Crore and gross debt sold stood at Rs. 1198.22 Crore. Therefore, the net investment of equity and debt reported were Rs. 5.53 Crore and Rs. -403.53