• Axis Bank: Net Interest Income up 20% while net profit declines 19% from last year. Provisions rise to Rs 4,416 crore from Rs 3,815 crore. Gross NPA at 4.72% from 4.86% last quarter. Provisions for Covid-19 this quarter at 733 crore. Moratorium amount at 9% of book value as on June 30.
• Hindustan Unilever: Net sales rose 4.4% in the current quarter while Ebitda was flat. Home care and personal care revenue declined. On volume growth, the management responded to BloombergQuint's query saying underlying volume growth was a negative 8% which excludes the impact of nutrition business (GSK acquisition).
• Bajaj Finserv: Revenue up 15.6% while net profit rises 43.8% on account of higher tax reversals. Additional loan provisions at Rs 1,450 crore for Covid-19. Gross Written Premium for General Insurance Business down 19% while that for life insurance business down 7% from last year.
• Reliance Industries: To now consider first quarter results on July 30 instead of the earlier planned date of July 24.
• Dishman Carbogen Amcis: Rakesh and Rekha Jhunjhunwala buy 1.59% stake each, as per the company's shareholding Pattern for the June quarter. Both investors purchased 50 lakh shares each.
• Edelweiss Financial Services: Rakesh Jhunjhunwala increases stake in the company to 1.19% in the June quarter as compared to 1.04% last quarter.
• BEML: Gets order from the government for the supply of 1,512 tanks at an approximate cost of Rs 557 crore.
• Zee Entertainment: IDBI Trusteeship Services acquired 43.48 lakh shares or 0.45% stake in the company through invocation of pledge.
• CSB Bank: Total deposits in the June quarter up 7.5% to Rs 16,338 crore. Advances against gold and gold jewellery up 28.3% to Rs 3,843.5 crore. Liquidity Coverage Ratio at 230% as on June 30. This is as per the lender's first quarter business update.
• Nifty Earnings Today: Bajaj Auto, Larsen & Toubro
• Non-Nifty Earnings Today: JSPL, Alembic Pharma, Dhanuka Agri, Heidelberg Cement, ICICI Securities, Music Broadcast, Network18, Rallis India, TV18 Broadcast

For all that you need to know going into today’s trade, click here.

• Benchmark indices gain for third day
• S&P 500 ended with gains of 0.2% at a four-month high
• Nasdaq ends 1.1% lower dragged by tech stocks; the index has surged 25% this year
• Bloomberg Dollar spot index declined 0.7%
• Euro rose to the highest in 2019
• Yield on the 10-year treasuries slipped to 0.6%
• West Texas Intermediate crude rose 2.8% to $41.96 per barrel. The commodity trades lower today.

Get your daily fix of the global markets here.

Good Morning!

Indian equity markets gained for the fifth straight session on Tuesday, led by banking and auto stocks.

While global cues are mixed, focus will be on a slew of large- and mid-cap earnings.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, remained flat at 11,179 as of 8:00 a.m. on Wednesday.

The street will watch out for earnings reported by the Nifty 50 companies like Hindustan Unilever Ltd., Axis Bank Ltd. and Bajaj Finserv Ltd., along with broader market stocks like Polycab India, IIFL Finance and IndiaMART InterMESH after market hours on Tuesday

Bajaj Auto Ltd. and Larsen & Toubro Ltd. are scheduled to report their June-quarter numbers on Wednesday.

Asian markets are mixed at the start of trade. The U.S. dollar has extended losses, while gold has surged past the $1,850/Oz mark.

Markets in Japan are little changed, edged higher in South Korea and are declining in Australia and Hong Kong.

Treasuries are steady, while West Texas Intermediate crude fell 1% to $41.54 per barrel after a surge in the U.S. crude inventories.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.