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Indices may react to US President Donald Trump's tweet last evening saying that India has long had a "field day" imposing tariffs on American products, which is "no longer acceptable" to the US. Investors will also keenly watch Federal Reserve Chair Jerome Powell's testimony to the US Congress later in the day for possible future rate cut hints. Apart from these, stock-specific action will be closely monitored. Tata Consultancy Services (TCS) will be in focus after it announced its June quarter numbers post market hours on Tuesday. The IT bellwether posted a net profit of Rs 8,131 crore, a 10.8 per cent rise on a year-on-year (YoY) basis. However, a stronger rupee proved to be a drag on the operating margin, which fell 90 basis points sequentially. In another key development, IndiGo promoters Rahul Bhatia and Rakesh Gangwal have made serious allegations against each other, forcing the Securities and Exchange Board of India (Sebi) to intervene. Gangwal, who holds 36.68 per cent, has sought permission to hold an extraordinary general (EGM) meeting, alleging that the company has participated in objectionable related-party transactions (RPTs) and has not complied with corporate governance standards. On Tuesday, markets pared losses and ended the session on a flat note. The Sensex closed 10.25 points higher at 38,731 levels, while the broader Nifty50 settled 2.7 points lower at 11,556 levels.  The rupee settled lower at 68.55 against the US dollar. In the results corner, GTPL Hathway, Himachal Futuristic Communications, and Inditalia Refcon are some of the companies that are scheduled to announce their Q1FY20 results today. In the global cues, Asian shares inched ahead on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.2 per cent while South Korea climbed 0.6 per cent. However, Japan's Nikkei lagged with a loss of 0.15 per cent. Wall Street was dully circumspect ahead of the Powell testimony, with the Dow ending Tuesday down 0.08 per cent, while the S&P 500 added 0.12 per cent and the Nasdaq was up 0.54 per cent.

Markets witnessed a volatile trade on Tuesday as investors looked for clarity on issues of taxation on share buyback and surcharge on FPI investment. Furthermore, waning rate cut hopes from the US Fedral Reserve dented sentiment across Asian markets. Markets pared losses and ended the session on a flat note. The Sensex closed 10.25 points, or 0.03 per cent, higher at 38,731 levels with TCS, HCL Tech and ITC being the top laggards. On the contrary, Bajaj Finance, Sun Pharmaceuticals and Hero Moto Corp were the top gainers on the Sensex. The broader Nifty50, too, settled 2.7 points, or 0.02 per cent, lower at 11,556 levels.  The Sensex hit an intra-day low of 38,436, down 285 points, while the Nifty50 skid 98 points to touch 11,461 mark. In the broader market, S&P BSE Mid-Cap ended 92 points, or 0.63 per cent, higher at 14,524 levels while the BSE Small-Cap gained 7 points, or 0.05 levels, to settle at 13,802 levels. Sectorally, FMCG and information technology counters took the biggest knock with the respective indices settling nearly 0.95 per cent each. Among gainers, Nifty Realty and Pharma indices closed 2.75 and 2.62 per cent higher respectively followed by Nifty PSU Bank index which was up 1.55 per cent. BUZZING STOCKS Shares of Titan Company slumped as much as 13 per cent to Rs 1,094 apiece on the BSE in the opening deals on Monday after the company reported a lower-than-expected growth in jewellery business during April-June quarter (Q1FY20) owing to a tough macro-economic environment with consumption taking a hit.  Shares of consumer discretionary companies were under pressure on Tuesday on concerns over lower-than- expected earnings for April-June quarter (Q1FY19), due to a tough macro-economic environment.  Mindtree shares extended losses on Tuesday and slipped 4 per cent intra-day to hit a new 52-week low of Rs 736. The downward trend, which led to a fall of 17 per cent in the stock's value in the past two days, began after three founders of the Bengaluru-based IT services company resigned following a change of control. 

After the carnage on the D-street yesterday, investors may be staring at another subdued day in the markets today as concerns over certain Union Budget proposals, weak global cues, and June quarter earnings continue to dominate investor sentiment. On Monday, the benchmark S&P BSE Sensex and the broader Nifty50 registered their biggest single-day-fall in four years. The Sensex closed 2 per cent lower at 38,720 levels while the Nifty, too, settled 2.14 per cent, lower at 11,559 levels. Budget proposal to increase minimum public shareholding of listed companies to 35 per cent, tax on buybacks, and surcharge on foreign portfolio investors have spooked the market.  Globally, fading expectations of an aggressive rate cut by the Federal Reserve after solid gains in US jobs for June has dampened investor sentiment. Also, the Q1FY20 results season begins today with Tata Consultancy Services (TCS) slated to announce results later in the day. Now, let's see how the global markets have fared. Asian stocks struggled to rebound on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 per cent in early trade. Japan’s Nikkei rose 0.5 per cent. US stocks fell on Monday with the Dow falling 0.43 per cent to 26,806, the S&P 500 down 0.48 per cent to 2,976 and the Nasdaq Composite dropped 0.78 per cent to 8,098. In commodity markets, oil fell on Tuesday amid worries over the outlook for demand. Brent crude futures were down 0.3 per cent at $63.90 a barrel while the US WTI crude futures were 0.4 per cent, at $57.46 a barrel.

With the ICC World Cup 2019 inching to conclusion, we're left with four teams -- India, Australia, England, and New Zealand -- and two matches away to find out who will battle it out at the grand spectacle at Lord's for the title and glory.    Now that India have gone past all the woes, including injuries, opening combination and the number four conundrum, it looks like all is well in the camp and Virat Kohli and the rest of the team is all set to make it to the Lord's, and, hopefully, lift the trophy. The hosts and favourites, England, too, have managed to get their act together at just the right time as they get the better of India and thrashed New Zealand to announce their arrival in the semis. On the other hand, Australia, who face England in the second semi-final, have suddenly been hit by injury to batsman Usman Khawaja and their ace pacer Mitchell Starc, too, looked uncomfortable in their last league match. Hence, Aaron Finch have a lot to fix before the team hit the ground (Edgbaston) on July 11. New Zealand, the silent conquerors, seems to be losing their sheen as cracks are visible in batting line-up with bowlers finding it difficult to compensate from just one end. It remains to be seen if it's going to be a cakewalk for India as the two sides collide at Old Trafford in Manchester on July 9. 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.

It was a bloodbath on D-street on Monday as markets fell for a second consecutive day with the benchmark S&P BSE Sensex and the broader Nifty50 registering their biggest single-day-fall in four years. The Sensex plummeted 908 points intra-day while the Nifty50 shed 288 points.  Union Budget 2019 triggered the fall as it failed to cheers investors. Proposals like surcharge on high income generating groups, increased threshold of minority shareholding from 25 per cent to 35 per cent and no specific announcement to revive consumption dampened investment sentiment. Furthermore, weak global cues and expectation of another muted quarter dragged the markets down. In two days, investors have lost Rs 4.95 trillion market capitalization. Markets pared losses partially before the end of trading session. The Sensex closed 793 points, or 2 per cent, lower at 38,720 levels with Bajaj Finance, ONGC, NTPC and Hero  MotoCorp being the top laggards. Of the 2,669 companies being traded on the BSE, shares of 571 companies advanced, 1,953 declined and 145 remained unchanged. The Nifty50, too, settled 252 points, or 2.14 per cent, lower at 11,559 levels. Of the 50 companies on the 50-share index, shares of 5 companies advanced and 45 declined. In the broader market, S&P BSE Mid-Cap ended 293 points, or 2 per cent, lower at 14,432 levels while the BSE Small-Cap dipped 347 points, or 2.46 levels, to settle at 13,794 levels. Sectorally, public sector banks (PSU banks) took the biggest knock with the Nifty PSU Bank index settling nearly 6 per cent lower. This was follwoed by losses in realty, auto, financial services and metal counters which were down up to 4 per cent. NO index ended in the green. Nifty Bank, Nifty Auto, Nifty Financial Services, and Nifty Realty indexes were all down over 2 per cent. BUZZING STOCKS Shares of automobile manufacturers, including auto ancillary companies, were reeling under pressure with the Nifty Auto index hitting 52-week low on Monday after no major direct measure to revive demand growth for the sector was announced in the Union Budget for the financial year 2019-20 (FY20).  Shares of Punjab National Bank (PNB) slipped 10 per cent intra-day to quote at Rs 73 on the BSE on Monday after the state-owned bank reported a fraud of Rs 3,805 crore by Bhushan Power & Steel Ltd (BPSL). 

The markets may feel the overhang of the Union Budget which was presented last week by Finance Minister Nirmala Sitharaman. However, as the week passes by, investors will shift their focus to June quarter earnings, which kicks off this week, with IT giants TCS and Infosys announcing their numbers on July 9 and 12, respectively. The D-street will also watch closely crucial macroeconomic indicators like the data for industrial production for May and CPI inflation for June to be released on Friday. That apart, global cues, progress in monsoon, foreign fund flow, crude oil prices and rupee movement against the dollar could also steer indices. On Friday, the benchmark S&P BSE Sensex closed 395 points lower at 39,513 levels, while the broader Nifty50 index tanked 136 points to end at 11,811 levels as Modi government's Union Budget failed to cheers investors. Now, let's see how the global markets have fared -- SGX Nifty is indicating a negative start to the day for domestic indices back home. Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.3 per cent, with South Korea's KOSPI off 1 per cent and Australian shares down 0.4 per cent. Japan's Nikkei faltered 0.6 per cent. US stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong US payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting. The Dow Jones fell 0.16 per cent to 26,922, the S&P 500 lost 0.18 per cent to 2,990 and the Nasdaq Composite dropped 0.1 per cent to 8,162. In commodity markets, oil prices rose with Brent crude futures up 9 cents at $64.32 per barrel while US crude added 8 cents to $57.59. Next up are some technical calls -- Angel Broking recommends buying Colgate Palmolive for a target of Rs 1,250 with the stop loss at Rs 1,137.  CapitalVia Global Research recommends buying SBI at current market price of Rs 371 with a target of 395 and a stop loss at 365.

The Narendra Modi govt on Friday presented its first Budget in its second term. India's first full-time Finance Minister, Nirmala Sitharaman, presented it in Parliament earlier in the day and delivered one of the longest Budget speeches ever. The Finance Minister made some important announcements during the course of her 2:15-hour-long speech. While the government announced changes in regulations for housing finance companies by bringing them under the ambit of the Reserve Bank, it also announced sops for start-ups and reduced corporation tax for companies with a turnover of up to Rs 400 crore from 30 per cent earlier to 25 per cent. FM Sitharaman's Budget has been called a reform-minded Budget, with focus on fiscal prudence. What are the big takeaways from Budget 2019? T N Ninan and A K Bhattacharya discuss this in this podcast as they break down the budget. We hope you enjoy the discussion on Budget 2019. Keep following Business Standard podcasts on Google Podcast, Spotify and business-standard.com for the latest from the world of economy, business, industry, markets, politics and sports.

Domestic indices plummted on Friday as Modi government's Union Budget for 2019-20 failed to cheers investors. Even though the markets opened higher with the benchmark S&P BSE Sensex zooming past the 40,000 mark to hit 40,032, the index fell over 500 points from the highs.  The S&P BSE Sensex closed 395 points, or 0.99 per cent, lower at 39,513 levels with the YES Bank, NTPC and Mahindra & Mahindra being the top laggards. The broader Nifty50 index tanked 136 points, or 1.14 levels, to end at 11,811 levels. In the broader market, S&P BSE Mid-Cap ended 208 points, or 1.39 per cent, lower at 14,726 levels while the S&P BSE Small-Cap dipped 195 points, or 1.36 levels, to settle at 14,142 levels. Sectorally, all the indices ended in the red except Nifty PSU bank and Nifty Bank index that gained after the finance minister announced that the government will pump in Rs 70,000 crore into public sector banks (PSBs) to strengthen them and enhance their lending capacity. Metals, realty and auto counters were the biggest losers after the Budget proposed import duty hike for auto-parts, metals and other equipment used for manufacturing capital goods. Each index slipped over 3 per cent. PSU Bank index closed 0.18 per cent higher after gaining nearly 4 per cent intra-day on government's proposal to recapitalize banks. Shares of GM Breweries hit a 52-week low of Rs 455, down 8 per cent, in Friday's early morning trade on the National Stock Exchange (NSE), after the company reported a 27 per cent decline in net profit at Rs 16 crore in the first quarter of fiscal 2019-20 (FY20), due to higher raw material cost. The company engaged in breweries & distilleries had posted a profit of Rs 22 crore in June 2018 quarter

It was one of the longest budget speeches, peppered with Urdu, Hindi and Tamil couplets, when the country's first full-time woman Finance Minister Nirmala Sitharaman's addressed Lok Sabha on Friday. All through her 2 hours 17 minutes long maiden budget presentation, Sitharaman did not pause to have a sip of water. The budget proposals were welcomed with frequent thumping of desks by the treasury benches with Prime Minister Narendra Modi too joining the members. Listen to this podcast for the key announcements on personal tax and sectors by the finance minister and how it impacts your pocket.

India needs to almost double its annual spending on infrastructure at $200 billion and the real challenge lies in harnessing private investment, said the Economic Survey 2018-19 tabled in Parliament on Thursday. To achieve the target of $10 trillion economy size by 2032, a robust and resilient infrastructure system is required, supported by adequate private investments To know more about the highlights of the Economic Survey and expectations from the Budget 2019, listen to this podcast

All eyes will be on Finance Minister Nirmala Sitharaman today who will present the Budget 2019 in the Parliament. Markets will react to her speech and the proposals she makes. So, what can you expect from the budget?  Well, market experts expect the government to lay out a growth-oriented budget to pump-prime the economy. They say the priority should be to arrest the declining growth momentum and the crisis of confidence by being a little expansionary this time. Since inflation is expected to be benign in the short-to-medium term, many experts feel the government should let go of the fiscal deficit target of 3.4 per cent set in the Interim Budget in February 2019. In terms of volatility, markets typically witness huge swings on Budget day. This time, however, investors can expect a relative calm if the volatility gauge is anything to go by. The India VIX index ended at 13.53, down 1.2 per cent on Thursday. The index has cooled off sharply from May’s high of 28.7. Market players say the low reading signals that traders aren’t expecting any big move.  Chief Economic Advisor Krishnamurthy Subramanian released his maiden Economic Survey yesterday where he outlined a model to make the economy grow 8 per cent a year, which is needed for the GDP to touch $5 trillion by 2024-25 as envisaged by PM Narendra Modi. For the current fiscal year, he pegged growth at 7 per cent, only 0.2 percentage higher than 6.8 per cent growth in FY19. So, what else can you expect from the budget? How will the proposals impact your portfolio? To know these and more, visit our Business Standard's LIVE MARKET BLOG where leading market experts will decode the Budget 2019 in real time and offer tips on where to invest.

Domestic indices ended Thursday's trading session in the green ahead of the Union Budget presentation on Friday, July 5. The S&P BSE Sensex ended 69 points, or 0.17 per cent, higher at 39,908 levels with Bharti Airtel, Tata Motors and IndusInd Bank being the top gainers. The broader Nifty50 too settled at 11,947 levels, up 30 points, or 0.25 per cent. In the broader market, S&P BSE Mid-Cap ended 0.19 per cent lower at 14,918 levels while the S&P BSE Small-Cap gained 0.12 per cent, to settle at 14,329 levels. Sectorally, public sector banks' scrips gained the most with the index scaling 2 per cent intra-day. It ended 1.31 per cent higher. This was followed by gains in realty counters. The biggest losers at the bourses were metal and pharma scrips with their index sliding 1.11 per cent and 0.64 per cent respectively. BUZZING STOCKS Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.  Shares of IndiaMART InterMESH (IML) made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange (NSE) and BSE.

Investors will keep a close eye on the Economic Survey, which will be tabled in Parliament later today. The Union Budget will be presented tomorrow. India's services sector shrank for the first time in 13 months in June, due to weak sales and high taxation, showed the Nikkei PMI, which fell to 49.6 points in June, down from 50.2 in May. Back home, monthly auto sales data, progress in monsoon, foreign fund flow, crude oil prices and rupee movement against the US dollar will continue to influence investor sentiment. The Sensex ended Wednesday's session 23 points higher at 39,839 levels while the broader Nifty50 too settled at 11,917 levels, up 6 points. Another key development is that IndiaMART InterMESH will make its debut on bourses today. GLOBAL CUES   SGX Nifty is indicating a flat to positive start for the benchmark indices back home. Asian stocks advanced on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent as did Japan’s benchmark Nikkei, and Australia was up 0.6 per cent. As for the US markets, stocks rose on Wednesday, with each of the major indexes closing at a record high. The Dow rose 0.67 per cent to 26,966, the S&P 500 gained 0.77 per cent to 2,996 and the Nasdaq Composite added 0.75 per cent to 8,170.23. In the commodities market, oil prices slipped on Thursday. Brent crude futures traded down 0.4 per cent at $63.58 per barrel, while US crude futures fetched $57.15 per barrel, down 0.3 per cent.

Investors will keep a close eye on the Economic Survey, which will be tabled in Parliament later today. The Union Budget will be presented tomorrow. India's services sector shrank for the first time in 13 months in June, due to weak sales and high taxation, showed the Nikkei PMI, which fell to 49.6 points in June, down from 50.2 in May. Back home, monthly auto sales data, progress in monsoon, foreign fund flow, crude oil prices and rupee movement against the US dollar will continue to influence investor sentiment. The Sensex ended Wednesday's session 23 points higher at 39,839 levels while the broader Nifty50 too settled at 11,917 levels, up 6 points. Another key development is that IndiaMART InterMESH will make its debut on bourses today. GLOBAL CUES   SGX Nifty is indicating a flat to positive start for the benchmark indices back home. Asian stocks advanced on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent as did Japan’s benchmark Nikkei, and Australia was up 0.6 per cent. As for the US markets, stocks rose on Wednesday, with each of the major indexes closing at a record high. The Dow rose 0.67 per cent to 26,966, the S&P 500 gained 0.77 per cent to 2,996 and the Nasdaq Composite added 0.75 per cent to 8,170.23. In the commodities market, oil prices slipped on Thursday. Brent crude futures traded down 0.4 per cent at $63.58 per barrel, while US crude futures fetched $57.15 per barrel, down 0.3 per cent.

Trading on Wednesday remained range-bound as investors remained on the sidelines a day before the new government tables the Economic Survey in the Parliament on Thursday, July 4.  The S&P BSE Sensex ended 23 points, or 0.06 per cent, higher at 39,839 levels with Indusind Bnak, L&T and ITC being the top gainers. The broader Nifty50 too settled at 11,917 levels, up 6 points, or 0.05 per cent. In the broader market, S&P BSE Mid-Cap ended 16 points, or 0.11 per cent higher at 14,962 levels while the S&P BSE Small-Cap gained 37 points, or 0.26 per cent, to settle at 14,320 levels. Sectorally, information technology (IT) scrips were under pressure with the index with ending 0.90 per cent lower. This was followed by losses in pharma and metal counters. Nifty public sector bank index settled 1.72 per cent higher followed by realty and media index, up close to a per cent each.  BUZZING STOCKS Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) gained in the early trade on Wednesday as the crude oil prices fell over 4 per cent in Tuesday's session. Other beneficiaries of the lower oil prices such as tyre and paint stocks, too, rallied in the trade.  Dewan Housing Finance Corporation Limited (DHFL) shares rose 7 per cent to Rs 81 in Wednesday's early morning trade on the BSE on report that its lenders were willing to consider the proposal of extending a fresh loan of Rs 12,000-18,000 crore over a year to the cash-starved mortgage lending firm.