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Benchmark indices closed higher for second consecutive session on optimism ahead of Budget 2019 scheduled to be presented later this week.The Sensex gained 129.98 points to close at 39,816.48 and the Nifty50 climbed 44.70 points to 11,910.30 but the market breadth was balanced.On the macro front, after three successive months of above Rs 1 lakh crore plus collection, the revenue from the Goods & Services Tax (GST) eased just below Rs 1 lakh crore in June 2019.        

Global Markets

Companies listed on the pan-European STOXX 600 (STOXX) index are expected to report a 1.8% earnings growth in the second quarter compared to a year earlier. European shares retreated from two-month highs hit in the previous session, as U.S.-China trade talk euphoria subsided and Washington’s latest tariff threats on $4 billion of additional EU goods held back market gains. The pan-European STOXX 600 index rose 0.10%.

Stock Snippets

Mahindra & Mahindra launched innovative new Automated Manual Transmission (AMT) in XUV300.

ONGC gained 2 percent after company and Indian Oil joined hands to reduce carbon emission and enhance oil recovery.

Bharat Heavy Electricals said Competent Authority has approved the appointment of Dr Nalin Shinghal as Chairman & Managing Director (CMD) of the company for a period of 5 years.

Hexaware launched automated cloud transformation platform ‘Cloud EDMA’ for Microsoft Azure.

Jindal Steel and Power has denied the charges by CBI against the company and its promoters in Urtan Coal Block case.

Strides Pharma Science said US health regulator USFDA classified company’s Puducherry facility as Official Action Indicated (OAI).

Yes Bank shares plunged nearly 7 percent intraday after a media report indicated that Mumbai-based borrower defaulted on interest payment to private sector lender.

Global Markets

Asian markets were mixed Tuesday, as investors weighed the tariff truce between the U.S. and China and the potential for a trade deal. Hong Kong’s Hang Seng Index HSI, +1.17%.

Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.02% to hit a new 1-month high.

Australia stocks were higher after the close on Tuesday, as gains in the Gold, Metals & Mining and IT sectors led shares higher. The S&P/ASX 200 rose 0.08%.

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