Indian markets are likely to remain volatile on Wednesday, with investors closely tracking a packed earnings calendar and major corporate developments.
Companies including Bharti Airtel, Hindustan Petroleum Corporation, LIC Housing Finance, Oil India, Tata Motors and TVS Motor Company are set to remain in focus ahead of their quarterly earnings announcements.
A long list of companies will announce their March quarter results today, including Cipla, DLF, Power Finance Corporation, Paras Defence and Space Technologies and Crompton Greaves Consumer Electricals among others.
MTAR Technologies posted a strong March quarter performance.
Dr. Reddy's Laboratories reported a weak quarter.
The company also announced a final dividend of Rs 8 per share.
Nazara Technologies saw profitability improve despite lower revenue.
The company also redesignated Nitish Mittersain as Managing Director and CEO.
Pfizer reported a mixed quarter.
Tata Capital allotted two tranches of non-convertible debentures worth a combined Rs 1,270 crore through private placement.
Texmaco Rail & Engineering secured a major Rs 4,045 crore order from Tsiko Africa Logistics involving freight wagons, locomotives and long-term maintenance.
Archean Chemical Industries signed an agreement for a semiconductor project in Odisha. The proposed facility, worth Rs 2,067 crore, aims to manufacture 60,000 wafers and 96 million devices annually.
Rail Vikas Nigam emerged as the lowest bidder for a Rs 221 crore railway contract from South East Central Railway.
Tata Consumer Products fixed May 25 as the record date for its upcoming dividend payout.
Markets will also react to global cues, elevated crude oil prices and geopolitical tensions in the Middle East. Investors are expected to closely monitor earnings commentary for demand trends, margin outlook and sector-specific guidance.