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Strong global cues likely to pull up market; Axis and Yes banks to declare quarterly results

The market is likely to have a strong opening due to global cues today.
The Wall Street indices except Nasdaq ended higher while the Dow snapped its four-day losing streak after Boeing upped in trade as it announced its results.
The Asian market is trading higher after the positive push from the US market. Korea's KOSPI is trading near day's high while Japan's Nikkei is up by over 140 points.
The SGX Nifty is trading at 10,580 levels versus the Nifty April Future's Wednesday close of 10,569, indicating a mildly green opening for the Indian market.
The Sensex on Wednesday fell 115 points to 34,501, while the Nifty slipped 44 points to 10,571.
Financials dragged the Nifty Bank, leading to a fall of 228 points to 24,814.
Fall in equity market was similar to that of the money market. The rupee was trading at its 14-month low at 7.17% and 2028 bond yield hit its lowest level of 7.77% since issuance.
Bharti Airtel gained 3% after the company announced the merger of Bharti Infratel and Indus Towers.
Axis Bank, Yes Bank, SBI Life, among others, will declare their quarterly earnings today.
Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and the Middle East as well as by strong demand.
Brent crude oil futures were at 74.44 per barrel at 0105 GMT, up 44 cents, or 0.6%, from their last close.

Market Movers

CompanyPriceChange%Loss
Adani Ports690.50 -16.20
Tata Steel1,121.00 -21.15
HDFC2,494.60 -26.85
Hindalco376.40 -3.85
Axis Bank743.60 -6.20
CompanyPriceChange%Loss
HDFC2,495.15 -26.40
Axis Bank743.40 -6.10
Bajaj Finance6,038.20 -44.80
HDFC Bank1,473.70 -10.45
Maruti Suzuki7,065.20 -47.45
CompanyPriceChange%Loss
Adani Ports690.50 -16.20 -2.29
Tata Steel1,121.00 -21.15 -1.85
HDFC2,494.60 -26.85 -1.06
Hindalco376.40 -3.85 -1.01
Axis Bank743.60 -6.20 -0.83
CompanyPriceChange%Loss
HDFC2,495.15 -26.40 -1.05
Axis Bank743.40 -6.10 -0.81
Bajaj Finance6,038.20 -44.80 -0.74
HDFC Bank1,473.70 -10.45 -0.70
Maruti Suzuki7,065.20 -47.45 -0.67

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.32250.00000.00
Euro-Rupee88.29600.41600.47
Pound-Rupee103.00600.52300.51
Rupee-100 Yen0.66240.00000.00