May 2: Here's what you should know before the opening bell

The Indian market slargely closed higher as the HDFC twins and the IT stocks helped market hold on to the opening gains.

The BSE Sensex closed with a gain of 191 points at 35,160 while the NSE Nifty advanced 47 points to close at 10,739.

Oil prices rose on Wednesday, lifted by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring US supplies capped gains.

Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve's upcoming policy statement for clues on the future pace of US monetary tightening.

The US market ended largely higher in the previous session, with Nasdaq ending with a gain of 64.43 points.

 The SGX Nifty is trading at 10,750 levels versus the Nifty May Future's Tuesday close of 10,780, indicating a negative opening on the Dalal Street.

The government of India has decided to extend the bid deadline for Air India's stake sale to May 31, 2018, and issued a corrigendum that subsequently extends the deadline for announcing the successful bidder to June 15, 2018.

Gold prices inched lower early on Tuesday, hovering close to a nearly six-week low touched in the previous session, as the US dollar held firm near a 3-1/2-month high.

Buying bitcoin is not investing, said Warren Buffett, CEO of Berkshire Hathaway, as reported by Business Insider. According to the report in the American business news website, Buffett in an interview with Yahoo Finance said, “There’s two kinds of items that people buy and think they’re investing,” he said. “One really is investing and the other isn’t.”

Japan's April services PMI at 52.5 as against the 50.9 on a month-on-month basis, highest in 6 months.

China Central Bank sets Yuan mid-point at 6.3670 per US dollar as against the 6.3310 per US dollar, its weakest level since January 25.

Indigo, Hero Motocorp, Tata Power, HCL Tech, among others will declare their quarterly earnings today.