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Weak global cues and expiry of May series F&O contracts (due Thursday) are likely to sway investor sentiment on Wednesday. Additionally, Q4 results, crude oil prices and the movement of rupee against the US dollar will also be closely tracked.  Benchmark indices ended Tuesday's session with marginal gains, but at record high levels for the third consecutive session. The S&P BSE Sensex settled 66 points or 0.17 per cent higher at 39,750 while the broader Nifty50 index ended the day at 11,929, up 4 points or 0.03 per cent. The rupee settled 18 paise lower at 69.69 per US dollar against Monday's close of Rs 69.51. RESULTS CORNER Nearly 650 companies including Adani Power, IDFC, and NBFC are slated to declare their March quarter results for the financial year 2018-19 (FY19) today.  GLOBAL CUES Asian shares fell on Wednesday amid fears of global economic downturn with US-China trade tensions showing no signs of abating. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.4 per cent while Japan’s Nikkei faltered 1.4 per cent.  In the overnight trade, US stocks settled lower. The Dow Jones Industrial Average slipped 237 points to close at 25,349 levels while the S&P500 ended 24 points lower at 2,802 levels. The Nasdaq ended 30 points lower at 7,607 levels. In commodities, oil prices slipped in the early trade. Brent crude futures were at $69.85 at 6:31 am, down 26 cents, or 0.4 per cent, from the last session’s close.

Weak global cues and expiry of May series F&O contracts (due Thursday) are likely to sway investor sentiment on Wednesday. Additionally, Q4 results, crude oil prices and the movement of rupee against the US dollar will also be closely tracked.  Benchmark indices ended Tuesday's session with marginal gains, but at record high levels for the third consecutive session. The S&P BSE Sensex settled 66 points or 0.17 per cent higher at 39,750 while the broader Nifty50 index ended the day at 11,929, up 4 points or 0.03 per cent. The rupee settled 18 paise lower at 69.69 per US dollar against Monday's close of Rs 69.51. RESULTS CORNER Nearly 650 companies including Adani Power, IDFC, and NBFC are slated to declare their March quarter results for the financial year 2018-19 (FY19) today.  GLOBAL CUES Asian shares fell on Wednesday amid fears of global economic downturn with US-China trade tensions showing no signs of abating. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.4 per cent while Japan’s Nikkei faltered 1.4 per cent.  In the overnight trade, US stocks settled lower. The Dow Jones Industrial Average slipped 237 points to close at 25,349 levels while the S&P500 ended 24 points lower at 2,802 levels. The Nasdaq ended 30 points lower at 7,607 levels. In commodities, oil prices slipped in the early trade. Brent crude futures were at $69.85 at 6:31 am, down 26 cents, or 0.4 per cent, from the last session’s close.

Benchmark indices ended Tuesday's volatile session with marginal gains, to close in the green and at record levels for the third consecutive session. The indices were either flat or in the red for majority of the day, but were pulled up by a buying spree in the last half an hour. The S&P BSE Sensex settled 66 points, or 0.17 per cent, higher at 39,750 levels, with YES Bank, Coal India, Infosys, Powergrid, and Vedanta being the top gainers. Out of the 30 BSE constituents, 17 ended the day with losses. The broader index Nifty50 index ended the day at 11,929 levels, up 4 points or 0.03 per cent. The market breadth remained in favour of buyers. About 961 shares advanced and 793 stocks declined on the NSE. Seven Nifty sectoral indices were in the red by the end of today's session. Nifty PSU Bank took the deepest cut, down 0.7 per cent, while Nifty Media and Nifty IT indices gained almost 2 per cent and 1.3 per cent, respectively. In the broader market, the S&P BSE MidCap index was trading 13 points or 0.09 per cent higher at 15,127 while the S&P BSE SmallCap index was trading at 15,020, up 61 points or 0.41 per cent.  BUZZING STOCKS Shares of aviation companies were in focus with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs 1,716, up 3 per cent, on the BSE in Tuesday's early morning trade, after its quarterly profit surged five-fold in March quarter (Q4FY19). However, the stock ended the session with losses, down 0.2 per cent at Rs 1,659.10.   Shares of Natco Pharma hit a new low of Rs 482, down 8 per cent on the BSE in early morning trade, after the company reported a decline in net profit for the second consecutive quarter, due to lower revenue growth The stock, however, recovered the losses to finish with 1 per cent gain at Rs 530.50

Benchmark indices ended Tuesday's volatile session with marginal gains, to close in the green and at record levels for the third consecutive session. The indices were either flat or in the red for majority of the day, but were pulled up by a buying spree in the last half an hour. The S&P BSE Sensex settled 66 points, or 0.17 per cent, higher at 39,750 levels, with YES Bank, Coal India, Infosys, Powergrid, and Vedanta being the top gainers. Out of the 30 BSE constituents, 17 ended the day with losses. The broader index Nifty50 index ended the day at 11,929 levels, up 4 points or 0.03 per cent. The market breadth remained in favour of buyers. About 961 shares advanced and 793 stocks declined on the NSE. Seven Nifty sectoral indices were in the red by the end of today's session. Nifty PSU Bank took the deepest cut, down 0.7 per cent, while Nifty Media and Nifty IT indices gained almost 2 per cent and 1.3 per cent, respectively. In the broader market, the S&P BSE MidCap index was trading 13 points or 0.09 per cent higher at 15,127 while the S&P BSE SmallCap index was trading at 15,020, up 61 points or 0.41 per cent.  BUZZING STOCKS Shares of aviation companies were in focus with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs 1,716, up 3 per cent, on the BSE in Tuesday's early morning trade, after its quarterly profit surged five-fold in March quarter (Q4FY19). However, the stock ended the session with losses, down 0.2 per cent at Rs 1,659.10.   Shares of Natco Pharma hit a new low of Rs 482, down 8 per cent on the BSE in early morning trade, after the company reported a decline in net profit for the second consecutive quarter, due to lower revenue growth The stock, however, recovered the losses to finish with 1 per cent gain at Rs 530.50

A crucial meeting of the Congress Working Committee (CWC) on Saturday unanimously rejected Rahul Gandhi’s offer to resign as party president after the Lok Sabha poll debacle and authorised him to overhaul and restructure the party at all levels. The meeting deliberated on the reasons behind the Congress’s defeat in the elections for four hours with various leaders, urging Rahul Gandhi to continue to provide leadership to the party. According to latest media reports, Congress President Rahul Gandhi continues to insist on quitting as party chief. Listen to this podcast for more.

A crucial meeting of the Congress Working Committee (CWC) on Saturday unanimously rejected Rahul Gandhi’s offer to resign as party president after the Lok Sabha poll debacle and authorised him to overhaul and restructure the party at all levels. The meeting deliberated on the reasons behind the Congress’s defeat in the elections for four hours with various leaders, urging Rahul Gandhi to continue to provide leadership to the party. According to latest media reports, Congress President Rahul Gandhi continues to insist on quitting as party chief. Listen to this podcast for more.

March quarter results will keep the investors busy on Tuesday as over 380 companies are slated to unveil their earnings today. Moreover, trading is expected to be volatile ahead of the expiry of May series F&O contracts (due Thursday). Additionally, movement of rupee against the US dollar, oil prices and global developments are also expected to be keenly watched. Benchmark indices finished Monday's session at a record closing high with the S&P BSE Sensex settling 249 points higher at 39,683 levels. The broader Nifty50 broke past the 11,900-mark to end the day at 11,925, up 81 points. The rupee on Monday closed at 69.50 per US dollar against Friday’s close of 69.52. RESULTS CORNER Sun Pharma, Punjab National Bank, SpiceJet, and IRCON International are among the prominent names that are scheduled to declare their Q4FY19 numbers today. GLOBAL CUES Asian shares were mostly up in the early trade on Tuesday, tracking gains in European shares. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.07 per cent while Japan’s Nikkei stock index gained 0.41 per cent. Wall Street was shut on Monday on account of Memorial Day. In commodity markets, oil prices were mixed, pressured by a weakening economy, especially in China. 

March quarter results will keep the investors busy on Tuesday as over 380 companies are slated to unveil their earnings today. Moreover, trading is expected to be volatile ahead of the expiry of May series F&O contracts (due Thursday). Additionally, movement of rupee against the US dollar, oil prices and global developments are also expected to be keenly watched. Benchmark indices finished Monday's session at a record closing high with the S&P BSE Sensex settling 249 points higher at 39,683 levels. The broader Nifty50 broke past the 11,900-mark to end the day at 11,925, up 81 points. The rupee on Monday closed at 69.50 per US dollar against Friday’s close of 69.52. RESULTS CORNER Sun Pharma, Punjab National Bank, SpiceJet, and IRCON International are among the prominent names that are scheduled to declare their Q4FY19 numbers today. GLOBAL CUES Asian shares were mostly up in the early trade on Tuesday, tracking gains in European shares. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.07 per cent while Japan’s Nikkei stock index gained 0.41 per cent. Wall Street was shut on Monday on account of Memorial Day. In commodity markets, oil prices were mixed, pressured by a weakening economy, especially in China. 

Benchmark indices finished Monday's session at a record closing high, lifted by HDFC twins and Larsen & Toubro. The S&P BSE Sensex settled 249 points, or 0.6 per cent, higher at 39,683, with Tata Steel, YES Bank, NTPC, Larsen & Toubro, and Axis Bank among the top gainers. Out of the 30 BSE constituents, 12 ended in the red. The broader Nifty50 broke past the 11,900-mark to end the day at 11,925, up 81 points, or 0.68 per cent. The market breadth was tilted in favour of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. Among sectoral indices, eight of the 11 indices finished the session in the green, with Nifty Metal, Nifty Realty and Nifty PSU Bank, all rising over 2 per cent. The broader markets fared even better. The S&P BSE MidCap index gained 1.1 per cent or 169 points to settle at 15,114 levels, while the S&P BSE SmallCap index rose 260 points, or 1.8 per cent, to finish at 14,959. BUZZING STOCKS Manpasand Beverages (MBL) shares were on Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with huge sell orders on the counter, after the company’s top management was arrested in a Rs 40 crore Goods and Services Tax (GST) fraud case.  Lupin shares slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator classified the inspection of the company's Goa facility as Official Action Indicated (OAI). 

Benchmark indices finished Monday's session at a record closing high, lifted by HDFC twins and Larsen & Toubro. The S&P BSE Sensex settled 249 points, or 0.6 per cent, higher at 39,683, with Tata Steel, YES Bank, NTPC, Larsen & Toubro, and Axis Bank among the top gainers. Out of the 30 BSE constituents, 12 ended in the red. The broader Nifty50 broke past the 11,900-mark to end the day at 11,925, up 81 points, or 0.68 per cent. The market breadth was tilted in favour of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. Among sectoral indices, eight of the 11 indices finished the session in the green, with Nifty Metal, Nifty Realty and Nifty PSU Bank, all rising over 2 per cent. The broader markets fared even better. The S&P BSE MidCap index gained 1.1 per cent or 169 points to settle at 15,114 levels, while the S&P BSE SmallCap index rose 260 points, or 1.8 per cent, to finish at 14,959. BUZZING STOCKS Manpasand Beverages (MBL) shares were on Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with huge sell orders on the counter, after the company’s top management was arrested in a Rs 40 crore Goods and Services Tax (GST) fraud case.  Lupin shares slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator classified the inspection of the company's Goa facility as Official Action Indicated (OAI). 

The General Election is behind us and India can now focus on what is really important, the ICC Cricket World Cup 2019. India last won the trophy in 2011. Can it bring it back home? Who are the favourites this world cup and who are the players to watch out for.  In the latest episode of BS On Ground, host Ankur Bhardwaj puts these questions to feature writer, Dhruv Munjal. Tune-in to the podcast for the details. Subscribe to Business Standard On Ground and Business Standard podcasts on Spotify, Google Podcasts or Apple Podcasts for the latest from the world of sports, economy, business, markets or politics.

The General Election is behind us and India can now focus on what is really important, the ICC Cricket World Cup 2019. India last won the trophy in 2011. Can it bring it back home? Who are the favourites this world cup and who are the players to watch out for.  In the latest episode of BS On Ground, host Ankur Bhardwaj puts these questions to feature writer, Dhruv Munjal. Tune-in to the podcast for the details. Subscribe to Business Standard On Ground and Business Standard podcasts on Spotify, Google Podcasts or Apple Podcasts for the latest from the world of sports, economy, business, markets or politics.

As the election-related uncertainties are over, investors will now shift their focus to the Union Cabinet formation that is expected to take place this week. Additionally, the next batch of corporate earnings, GDP growth data, movement of rupee against US dollar, and global cues will guide the markets this week. Last week, markets celebrated the return of Narendra Modi govt with the benchmark indices and Bank Nifty touching all-time highs. The S&P BSE Sensex crossed 40,000 for the first time ever and Nifty crossed 12,000 in intraday. On a weekly basis, Sensex and Nifty rallied nearly 4 per cent each and ended at record closing highs of 39,435 and 11,844, respectively. Corporate earnings Close to 2,500 companies will announce their Q4 earnings this week, These include Punjab National Bank, Adani Ports, InterGlobe Aviation (IndiGo), SpiceJet, BHEL Global cues Asian stocks edged up early in the early trade on Monday. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 per cent with Japan’s Nikkei climbing 0.2 per cent. On Wall Street, US stocks ended up to 0.3 per cent higher. The Dow Jones gained 95 points to close at 25,586 while the S&P500 ended 4 points higher at 2,826 levels. The Nasdaq closed 9 points higher at 7,637. Commodities   In commodities, oil prices rose today as ongoing supply cuts kept markets relatively tight.

As the election-related uncertainties are over, investors will now shift their focus to the Union Cabinet formation that is expected to take place this week. Additionally, the next batch of corporate earnings, GDP growth data, movement of rupee against US dollar, and global cues will guide the markets this week. Last week, markets celebrated the return of Narendra Modi govt with the benchmark indices and Bank Nifty touching all-time highs. The S&P BSE Sensex crossed 40,000 for the first time ever and Nifty crossed 12,000 in intraday. On a weekly basis, Sensex and Nifty rallied nearly 4 per cent each and ended at record closing highs of 39,435 and 11,844, respectively. Corporate earnings Close to 2,500 companies will announce their Q4 earnings this week, These include Punjab National Bank, Adani Ports, InterGlobe Aviation (IndiGo), SpiceJet, BHEL Global cues Asian stocks edged up early in the early trade on Monday. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 per cent with Japan’s Nikkei climbing 0.2 per cent. On Wall Street, US stocks ended up to 0.3 per cent higher. The Dow Jones gained 95 points to close at 25,586 while the S&P500 ended 4 points higher at 2,826 levels. The Nasdaq closed 9 points higher at 7,637. Commodities   In commodities, oil prices rose today as ongoing supply cuts kept markets relatively tight.

Prime Minister Narendra Modi is back in the saddle with an even bigger mandate. With the political challenge taken care of - at least in the short term - will the new governement embark on the path of factor market reforms? Will disinvestment be a major theme for the new government with PSUs being privatised? Are Income Tax rates going to be revised or will fiscal maths prevent that from happening? Will the much contested Goods and Services Tax see some tweaks now? Are rising crude prices a threat for the economy? Is the US-China trade war a major challenge for the new government? Host Ankur Bhardwaj puts these questions to A K Bhattacharya. Tune-in to this podcast to find the answers