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Bears took charge at D-Street on Thursday as fresh trade war concerns and mixed April-June quarter earnings eroded investors' confidence. Heavy selling was witnessed across the board with stocks of public sector banks, automobiles and metals slipping the most. The benchmark S&P BSE Sensex closed 318 points, or 0.81 per cent, lower at 38,897 level with YES Bank, Tata Motors, ONGC, and Maruti being the top laggards. In an otherwise weak market, only HDFC, HDFC Bank and ITC remained the top gainers. The broader Nifty50, too, ended at 11,597 mark, down 91 points, or 0.78 per cent. In the broader market, S&P BSE MidCap closed 179 points, or 1.23 per cent lower at 14,364 level while the S&P BSE SmallCap lost 158 points, or 1.15 per cent, to settle at 13,558 level. Sectorally, PSU Banks slipped the most with the index closing 3.18 per cent lower. This was followed by Nifty Auto index (down 2.74 per cent) and Nifty Metal index (down 2.46 per cent). Nifty Financial Servcies index closed 0.11 per cent higher. BUZZING STOCKS Shares of YES Bank plunged up to 15 per cent to Rs 84 per share iin early morning deals on the BSE on Thursday after the private sector lender reported 91 per cent YoY decline in net profit in the April-June quarter of financial year 2019-20. The stock was trading at its lowest level since April 21, 2014.  Shares of Mindtree plunged 10 per cent to Rs 675, also its fresh 52-week low, in Thursday's early morning trade on the BSE, after the company’s consolidated net profit more than halved to Rs 93 crore in June quarter (Q1FY20), as compared to previous quarter. It had reported a profit of Rs 198 crore in the March quarter (Q4FY19).

In a reprieve for Indian national Kulbhushan Jadhav, the International Court of Justice (ICJ) on Wednesday ordered Pakistan to make an "effective review and reconsideration" of the conviction and death sentence of Jadhav and to also grant consular access.  Forty-nine-year-old Jadhav, a retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of "espionage and terrorism" after a closed trial in April 2017.  Here's what the ICJ said in its verdict and what it means: 

June quarter earnings, global cues, and stock-specific action are likely to dominate investor sentiment today.  On Wednesday, Wipro, YES Bank, and Mindtree announced their June quarter results. Wipro reported a 12.6 per cent rise in consolidated net profit at Rs 2,387.6 crore on a year-on-year (YoY) basis while its consolidated revenues rose 5.3 per cent to Rs 14,716 crore. YES Bank, on the other hand, reported a 91 per cent YoY decline in net profit at Rs 113.8 crore because of a mark-to-market provisioning of Rs 1,109 crore for bad loans and decline in non-interest income. And, Mindtree posted a 41.4 per cent YoY rise in consolidated net profit to Rs 92.7 crore while revenues rose 11.9 per cent to Rs 1,834.2 crore for the quarter. The market will react to all these results. Foreign fund flow, crude oil prices and rupee movement against the US dollar could also steer indices. On Wednesday, the benchmark S&P BSE Sensex rose 0.22 per cent to 39,216 levels. The Nifty50 also gained 0.21 per cent to close at 11,687 levels.  The rupee ended 11 paise lower at 68.82 against the US dollar. In the global market, US stock indices fell on Wednesday over trade war worries. The Dow Jones fell 0.42 per cent to 27,220, the S&P 500 lost 0.65 per cent to 2,984 and the Nasdaq Composite dropped 0.46 per cent to 8,185. Tracking the Wall Street, Asian shares wobbled in early Thursday trading. MSCI’s broadest index of Asia-Pacific shares outside Japan was down a touch, while Japan’s benchmark Nikkei fell 1.3 per cent and Australian shares dropped 0.4 per cent. In the results corner, ACC, Colgate Palmolive, DB Corp, and 12 other companies are scheduled to announce their June quarter results today. Next up are some stock calls by top brokerages: Tradebulls Securities recommends buying Hindustan Petroleum for the target price of Rs 309 and stop loss at Rs 290.  And, now let's have a look at the top headlines at this hour -  -- Govt clears changes to insolvency law; secured lenders to get preference -- Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years -- Inflow of $25-billion foreign cash riding on three key FPI proposals  include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.

Domestic markets ended Wednesday's choppy trading session with gains. Corporate earnings kept indices volatile with buying being witnessed in select public sector banks and information technology (IT) scrips. Fresh trade war concerns between the Unites States and China also kept the markets jittery. The benchmark S&P BSE Sensex added 85 points, or 0.22 per cent, to settle at 39,216 levels with State Bank of India, Tech Mahindra, HCL tech and IndusInd Bank being top gainers. On the contrary, YES Bank, Maruti, ONGC and NTPC were at the lower end of the spectrum. Market breadth was in favour of decline. Of the 2,650 companies traded, shares of 1,123 companies advanced and that of 1,355 declined. Mere 172 shares settled unchanged.  The broader Nifty50 too gained 25 points, or 0.21 per cent, to close at 11,687 levels. Shares of 21 companies advances, 27 declines and 2 remain unchanged. In the broader market, the S&P BSE MidCap ended at 14,542 levels, down 22 points, or 0.15 per cent. The S&P BSE SmallCap too ended 10 points, or 0.07 per cent lower at 13,716 levels. Sectorally, PSU banks were the biggest gainers with the Nifty PSU Bank index closing 1.36 per cent higher. This was followed by gains in FMCG sector (up 0.81 per cent) and IT sector (up 0.53 per cent). The Nifty Auto index was the top laggard with the index settling over 1 per cent lower.  BUZZING STOCKS Shares of DCB Bank plunged 14 per cent to Rs 205 in Wednesday's early morning trade on the BSE after the private sector lender reported a sub-par performance in June quarter (Q1FY19) led by decline in loan growth, sequential rise in fresh slippages and non-performing assets (NPAs), and continued pressure on margin.  Shares of HDFC Asset Management Company (AMC) hit a record high of Rs 2,129, up 7 per cent intra-day on the BSE on Wednesday, after the company reported a 42 per cent year-on-year (YoY) jump in net profit at Rs 292 crore in the June quarter of fiscal year 2019-20 (Q1FY20). The strong profit growth was led by lower expenses and higher other income, the company's financial data show.

As curtains fell on ICC World Cup 2019 with England finally lifting the trophy for the first time on a final that technically ended in a tie, there have been questions, apprehensions and concerns over what's next for India cricket team and MS Dhoni in particular. Despite playing his part up to an extent, Dhoni was off colour throughout the tournament and that brings into the picture that one questions that critics love to ask -- Is it time? There can be numerous arguments on this but as things stand, the 'captain cool' may now have to consider passing the gloves to a suitable successor.\ But it's not just Dhoni, even the Indian middle order couldn't fare well in this World Cup and this puts more pressure on Virat Kohli and team management to pick a stable side and give players more chances to cement their place. Although the reported rift in the Indian camp can be avoided for now, considering it's natural for such reports to come to the fore after World Cup exit, but it does leave the space for one to see how nonplussed the skipper and management have been when it comes to fixing the middle-order woes, and the players have been without a definite role. All this, and more in this BS podcast. Follow the BS on Ground channel on Google Podcast, Apple Podcasts and Spotify for more from the world of sports

Investors will track June quarter earnings and global cues in today's trading session. India’s fourth-largest software company, Wipro, is scheduled to release its June quarter results today and analysts expect a moderate revenue growth along with a fall in the earnings before interest and taxes (EBIT) margin. Additionally, Mindtree, YES Bank, and 10 other companies are scheduled to announce their June quarter results today. On Tuesday, the benchmark S&P BSE Sensex rose 0.6 per cent to 39,131 levels, while the broader Nifty50, too, settled 0.6 per cent higher at 11,661 level.  Now, let's see how the global markets have fared overnight and what they mean for Sensex and Nifty SGX Nifty is indicating a negative start for the domestic indices. US President Donald Trump on Tuesday said he could impose more tariffs on China. And although the Fed chief Jerome Powell reiterated his dovish stance, saying the central bank “will act as appropriate to sustain the expansion" to the US growth, Trump's trade comments weighed the indices down. The Dow Jones Industrial Average fell 0.09 per cent to 27,336, the S&P 500 lost 0.34 per cent to 3,004 and the Nasdaq Composite dropped 0.43 per cent to 8,223. Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street. Early action was muted with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.18 per cent. Japan’s Nikkei eased 0.3 per cent and South Korea 0.8 per cent. Next up are some stock calls by top brokerages: HDFC Securities recommends buying Biocon at current market price of Rs 258 for a target of Rs 275 with the stop loss at Rs 247  And now, let's go through top headlines for the day - - 10-year bond yield hits lowest level since demonetisation, closes at 6.33% - Jet Airways lenders to set rules to weed out casual bidders  - As corporate earnings slow down, brokerages raise red flags on valuation - Mindtree is not being snatched, coming under bigger tree: L&T CEO & MD S N Subrahmanyan

Domestic indices ended higher on Tuesday lifted by broad-based gains led by sectors like financial, realty and FMCG sectors. The upside, however, was capped by losses in the information techology (IT) sector. The benchmark S&P BSE Sensex settled 234 points, or 0.60 per cent, higher at 39,131 level with YES Bank, Tata Motors, Sun Pharma and NTPC being the top gainers. Among losers, TCS, Mahindra and Mahindra and HCL Technologies lost the most. The broader Nifty50, too, ended with gains of 73 points, or 0.63 per cent, at 11,661 level.  The indices touched intra-day highs of 39,174 level at the Sensex and 11,670 level at the Nifty50. In the broader market, S&P BSE MidCap ended 99 points, or 0.69 per cent, higher at 14,565 level while S&P BSE SmallCap added 37 points, or 0.27 per cent to close at 13,726 level.  Sectorally, all the sectors ended in the green except IT and media. The Nifty realty index ended the day nearly 2 per cent higher, followed by Nifty PSU Bank index (up 1.37 per cent), Nifty FMCG index (up 1 per cent) and Nifty Metal index (up 0.69 per cent). Nifty IT index ended the day with a loss of 0.59 per cent. BUZZING STOCKS Shares of Dewan Housing Finance Corporation (DHFL) dipped 8 per cent in Tuesday's trade to hit an intra-day low of Rs 44.5 on the National Stock Exchange (NSE), after reports suggested that the company's auditors have sought more financial information from the management. However, the counter revovered and was trading 2.7 per cent higher at Rs 49.8 levels at 10:15am. The stock had tanked 29 per cent on Monday to 10-year low. Shares of Ashok Leyland dipped up to 4 per cent to trade at Rs 82.10 per share in the early morning deals on Tuesday after the company announced closure of its Pantnagar plant due to weak demand and outlook for the industry. In a regulatory filing, the heavy vehicle manufacturer said that the plant will remain closed between July 16 and July 24.

Investors may react primarily to June quarter earnings, global cues, and stock-specific action in today's trading session. HDFC Asset Management Company, TV18 Broadcast, DCB Bank and seven other companies will announce their June quarter results today. Yesterday, the S&P BSE Sensex settled 0.41 per cent higher at 38,897 levels while the broader Nifty50 too gained 0.31 per cent at 11,588 levels.  Now, let's see how the global markets have fared overnight and they mean for Sensex and Nifty SGX Nifty is indicating a flat to negative start for the domestic indices. Asian shares inched up in early trade on Tuesday as traders awaited US retail sales data and more corporate earnings to gauge the health of the world’s biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.04 per cent. Australian shares were up 0.1 per cent and Japan's Nikkei stock index dipped 0.36 per cent. In the US, the benchmark S&P 500 index ended little changed while Nasdaq hit a new high on Monday as the earnings season kicked-off. The Dow Jones Industrial Average rose 0.1 per cent to 27,359, the S&P 500 gained 0.02 per cent to 3,014.3 and the Nasdaq Composite added 0.17 per cent to 8,258. Let's go through top headlines for the day --  -- Mindtree is scheduled to hold a crucial annual general meeting (AGM) today where the company may face questions from the shareholders on its future strategy under the new promoter Larsen & Toubro. -- The wholesale price index-based inflation rate softened to a 23-month low of 2.02 per cent in June, data released yesterday showed -- Also, Jet Airways’ first meeting of creditors will be held today. And finally, here's a stock call by Anand Rathi Shares and Stock brokers, who recommend buying Apollo Hospitals with a target of 1450 and a stop loss at 1335. 

Positive global sentiment lifted pharma and information technology stocks on Monday. Consequently, markets ended in the positive territory. Encouraging Chinese GDP data for April-June quarter boosted investors' sentiment as it suggested the world’s second-biggest economy may be starting to stabilise. The S&P BSE Sensex settled 160 points, or 0.41 per cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains of 36 points, or 0.31 per cent, at 11,588 levels.  In the broader market, the S&P BSE MidCap settled 88 points, or 0.61 per cent, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points, or 0.63 per cent, lower at 13,689  levels. Sectorally, Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty Pharma index closed 1 per cent up. Among the laggards, Nifty PSU banks took the biggest knock, down 2.5 per cent followed by losses in the FMCG index (down 0.59 per cent). Infosys reacted to the Q1FY20 results announced post market hours on Friday, with the stock rising over 7 per cent to close at Rs 779 levels on the National Stock Exchange (NSE). An uptick in demand for its digital services, apart from a momentum in the large deal space, prompted company to raise its FY20 revenue guidance to 8.5-10 per cent from 7.5-9.5 per cent as guided earlier.  BUZZING STOCKS Shares of Allahabad Bank tanked 15 per cent to Rs 40 on the BSE on Monday's early morning trade after the state-owned lender on Saturday reported fraud of Rs 1,775 crore by Bhushan Power and Steel to the Reserve Bank of India (RBI).  Shares of Dewan Housing Finance Corporation (DHFL) were locked in the lower circuit of 10 per cent at Rs 62 on the BSE on Monday after the company reported a standalone net loss of Rs 2,223 crore for the quarter ending March 2019 (Q4F19), owing to higher provisioning. The non-banking finance company had posted net profit of Rs 134 crore in the same quarter last fiscal.

In today's trading session, investors may react primarily to June quarter results, macro numbers, and stock-specific action. Bajaj Consumer Care, Tata Metaliks, and Gujarat Hotels are among the eight companies set to declare their June quarter results today.  Also, India's Wholesale price inflation and balance of trade data for June will be out today. Traders may also react to the industrial production data for May and retail inflation prints for June that were released after market hours on Friday. On a global scale, China will present its second-quarter GDP numbers later in the day. On Friday, the benchmark S&P BSE Sensex closed at 38,736 levels, down 0.22 per cent, while the broader Nifty50 settled at 11,552 levels, down 0.26 per cent.  Global Markets SGX Nifty is indicating a flat to negative start for the domestic indices. Asian shares started the week on a softer note on Monday. MSCI’s broadest index of Asia-Pacific shares outside Japan was a shade lower at 524.9 points. Australian shares slipped 0.8 per cent while South Korea’s inched 0.3 per cent lower. In the US, all three major indexes posted record closing highs on Friday. The S&P 500 closed above the 3,000 level for the first time. The Dow Jones rose 0.9 per cent, to 27,332, the S&P 500 gained 0.46 per cent, to 3,014 and the Nasdaq Composite added 0.59 per cent, to 8,244 Top headlines for the day Infosys announced their June quarter earnings after market hours on Friday and reported a 5.26 per cent year-on-year rise in its net profit at Rs 3,802 crore. After months of delay, DHFL on Saturday released its standalone unaudited results for the March 2019 quarter in which the crisis-hit firm reported a net loss of Rs 2,223 crore. The board of InterGlobe Aviation will seek clarification from co-promoter Rakesh Gangwal on his allegations at the board meeting on July 19.

Domestic indices ended Friday's choppy session in the negative territory. The markets remained range-bound, in the positive territory, for most part of the day but were dragged lower by index heavyweights like HDFC Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance.  The benchmark S&P BSE Sensex closed at 38,736 levels, down 87 points or 0.22 per cent. Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the spectrum.  The broader Nifty50 too settled with cuts. The 50-share index settled at 11,552 levels, down 30 points, or 0.26 per cent.  In the broader market, the BSE MidCap index ended 59 points, or 0.41 per cent, higher at 14,554 levels while the BSE SmallCap index closed 22 points, or 0.16 per cent, higher at 13,776 levels. Sectorally, banking, financial services and FMCG counters were under pressure. The Nifty Bank index closed 0.37 per cent lower followed by Nifty Financial Services index, down 0.29 per cent. Among gainers, Nifty metals, pharma and realty counters were up between 0.4-0.7 per cent. BUZZING STOCKS Shares of KPR Mill dipped up to 6 per cent to Rs 570 in early morning deals on the BSE on Friday after the textile company withdrew buyback proposal due to the tax proposed on buyback obligations in the Finance Bill 2019.  Shares of Eris Lifesciences hit a lifetime low of Rs 450, down 8 per cent in early morning trade, on the BSE on Friday as the pharmaceutical company's stock turned ex-date for buyback today.

In today's trading session, investors will react to a host of key factors including June quarter results, India-US trade talks, macro numbers, and global cues. US trade officials will restart talks with their Indian counterparts today amid uncertainty over issues ranging from data localisation to recent tariffs imposed by New Delhi. The investors will also watch closely the data for industrial production for May and consumer (CPI) inflation for June to be released later in the day. Apart from these, foreign fund flow, stock-specific action, crude oil prices and rupee movement against the US dollar could also steer indices. In yesterday's session, markets snapped selling spree at D-Street. The benchmark S&P BSE Sensex settled 0.7 per cent higher at 38,823 levels. The broader Nifty50 too settled 0.73 per cent higher at 11,583 levels. Now, let's see how the global markets have fared and what it means for Sensex and Nifty. Nifty futures on the SGX Nifty are signalling a negative start for the indices back home today. Asian shares pulled back on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.05 per cent in early deals. Japan's Nikkei stock index also trimmed 0.11 per cent. The Dow and S&P 500 rose on Thursday to close at record highs. The Dow Jones rose 0.85 per cent, to 27,088, the S&P 500 gained 0.23 per cent, to 2,300. Let's shift our focus to corporate earnings now. Infosys, IndusInd Bank, Reliance Industrial Infrastructure and seven other companies will declare their Q1FY20 results today. After TCS missed Street estimates on revenue and margin front, all eyes are now on Infosys that is slated to release its June 2019 quarter results today. Next up is a technical call Nandish Shah of HDFC securities recommends Buy Sun Pharma July 400 Call at Rs 10 & simultaneously sell 420 call at Rs 3.6.

Markets snapped selling spree at D-Street on Thursday as possible interest rate cuts by the United States' Federal Reserve lifted sentiments across the Asian markets.  The benchmark S&P BSE Sensex settled 266 points, or 0.69 per cent, higher at 38,823 levels. Hero Moto Corp, IndusInd Bank, Tata Motors, and Vedanta were the top gainers on the 30-share index while Tech Mahindra, ICICI Bank and Axis Bank were the top laggards. The broader Nifty50 too settled 84 points, or 0.73 per cent, higher at 11,583 levels. Broad-based buying, led by rate-sensitive stocks like realty, banking and auto scrips, lifted both the benchmark indices, S&P BSE Sensex and the broader Nifty50, to 38,892 and 11,599 levels respectively. The indices were up 261 points and 80 points respectively from lows. In the broader market, the S&P BSE Mid-Cap closed 80 points, or 0.56 per cent, higher at 14,495 levels. Similarly, the S&P BSE Small-Cap settled 56 points, or 0.41 per cent, higher at 13,755 levels. Sectorally, all the indices ended in the green. Nifty Auto and PSU Bank indices ended 1.86 per cent and 1.72 per cent higher respectively, followed by gains in the Nifty metal (1.77 per cent), pharma (1.26 per cent). BUZZING STOCKS Shares of Religare Enterprises were locked in the 10 per cent upper circuit at Rs 42.95 per share on the BSE on Thursday after the company announced its plan to sell Religare Finvest to TCG advisory for an undisclosed amount.  Shares of GTPL Hathway zoomed 20 per cent to Rs 64.80 in intra-day trade on the BSE on Thursday after the digital cable television and broadband services provider's consolidated net profit more-than-doubled at Rs 29 crore for the quarter ended June 2019 (Q1FY20). It had posted a profit of Rs 13 crore in the year-ago quarter.

In today's trading session, investors will react to June quarter earnings and Federal Reserve Chairman Jerome Powell's hint at a possible rate cut later this month. In an appearance before his Congressional overseers on Wednesday, Powell confirmed that the US economy is still under threat and that the central bank stands ready to “act as appropriate”. That apart, foreign fund flow, stock-specific action, crude oil prices and rupee movement against the US dollar could also steer indices. Now, let's see how global markets have fared. Asian stocks rose on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, while Japan's Nikkei added 0.15 per cent, and South Korea's KOSPI climbed 0.7 per cent. The SGX Nifty is also signalling a positive start for the indices back home today. In US, the Dow Jones rose 0.29 per cent to 26,860, the S&P 500 gained 0.45 per cent to 2,993 and the Nasdaq Composite added 0.75 per cent to 8,203. In commodities, US oil futures hit their highest in over a month on Thursday. US WTI crude futures were up 11 cents at $60.54 a barrel, while Brent crude futures were down 5 cents at $66.96 a barrel. Next up are some technical calls Tradebulls Securities recommends buying HDFC Bank at current market price of Rs 2389 with a target of 2434 with stop loss at 2366. CapitalVia Global Research recommends selling Hindustan Unilever at current market price 1705 for the target of 1680 with stop loss at 1725

Indices ended Wednesday's volatile session in the negative territory. Spooked by fresh trade war concern between India and the United States, markets remained flat with a positive bias for better part of the day. They, however, saw sharp decline during last trading hour.  The benchmark S&P BSE Sensex ended 174 points, or 0.45 per cent, lower at 38,557 levels with Bajaj Finance, Tata Steel and Tata Motors being the top losers. On the contarry, YES Bank, Sun Pharma and ICICI Bank were the top gainers for the day. The broader Nifty50, too, settled 57 points, or 0.49 per cent, lower at 11,498 levels.  The Sensex dipped as much as 256 points intra-day while the Nifty50 lost up to 80 points today. In the broader market, the S&P BSE Mid-Cap slipped 110 points, or 0.75 per cent, to close at 14,414 levels while the S&P BSE Small-Cap ended 103 points, or 0.75 per cent, lower at 13,699 levels. Sectorally, all the indices, except Nifty Private Bank index, closed in the red. Nifty auto, metals, PSU bank and realty counters closed nearly 1.5 per cent lower each. This was followed by losses in Nifty IT and Nifty FMCG indices, which were down 0.81 per cent and 0.54 per cent respectively.  BUZZING STOCKS Shares of IndiGo, India’s largest airline, nosedived as much as 17.54 per cent to hit a low of Rs 1,291 apiece on the BSE in the early morning deals on Wednesday after promoters Rahul Bhatia and Rakesh Gangwal made serious allegations against each other, forcing the Securities and Exchange Board of India (Sebi) to intervene.  Shares of Manpasand Beverages were locked in 5 per cent lower circuit at Rs 38.85 apiece on Wednesday after the company’s auditor Mehra Goel & Co. resigned owing to the ongoing Goods and Services Tax (GST) scam investigations against the company.