Market Check S&P BSE Sensex 34,736.37 0.35% Nifty 50 10,545.85 0.28% S&P BSE 200 4,572.17 0.39% Nifty 500 9,137.20 0.31% S&P BSE Mid-Cap 15,716.62 0.52% S&P BSE Small-Cap 17,039.63 0.55% Q4 results: Amara Raja trails Exide for third straight quarter The Amara Raja stock corrected over 8 per cent intraday on its weak March quarter performance, and downward revision of margin estimates by brokerages for FY19. While the stock recovered from its intraday lows, a weak industrial segment as well as any upward movement of lead prices will be overhangs. READ MORE State Bank of India to post Rs 20.76 billion Q4 loss, expect analysts State Bank of India (SBI) is expected to report a Rs 20.76 billion loss for the March quarter when it announces its results on Tuesday, data from Bloomberg indicates. This will be the second consecutive quarterly loss for the country's largest banker. SBI had posted a loss of Rs 24.16 billion in the December quarter, its first in nearly 19 years, as the Reserve Bank of India (RBI) asked the bank to reclassify its over Rs 230 billion loans as non-performing assets (NPAs). READ MORE State Bank of India (SBI) Sectoral Trend Top Sensex gainers and losers Markets at Open At 9:16 am, the BSE Sensex was trading at 34,636, up 21 points while the broader Nifty50 index was ruling at 10,527, up 10 points
The markets are trading higher on Tuesday amid flat Asian indices.
Among sectoral indices, the Nifty Metal index is nearly 1% up led by a rise in shares of Welspun Corp, JSW Steel and Hindustan Copper.
Meanwhile, stock-specific action will continue during the day as more companies release their March quarter results. Among key results, State Bank of India, Bata India, Cipla, Dr.Reddy's Laboratories and Music Broadcast are likely to announce their March 2018 quarter earnings later today.
In the global markets, the dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats, while oil stayed at multi-year peaks over potential sanctions in Venezuela.
While the apparent truce over their trade disagreements bolstered sentiment on Wall Street, it failed to excite stock markets in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 per cent, while Japan's Nikkei was barely changed.
Wall Street indices rose overnight. The Dow Jones Industrial Average rose 298.2 points, or 1.21 per cent, to 25,013.29, the S&P 500 gained 20.04 points, or 0.74 per cent, to 2,733.01, and the Nasdaq Composite added 39.70 points, or 0.54 per cent, to 7,394.04.
Global oil prices rose on Tuesday amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC-member.
(with Reuters inputs)