In India, domestic benchmark indices were trading half a percent higher on 1st July, the first day of the July-September quarter, in tune with the trend in the other Asian markets.
The S&P BSE Sensex hovered around the 35,100-mark, up 190 points, while the Nifty held the 10,300-level. ITC, Axis Bank, HDFC, and Reliance Industries (all up 1%) were the top Sensex gainers. On the other hand, Kotak Mahindra Bank (down 3%) and NTPC (down 3%) were the top losers. Shares of ONGC declined 4 percent after the firm posted its first-ever quarterly loss.
The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, down 0.6 percent, leading the list of losers.
Six firms, including Eveready, are scheduled to report their March quarter earnings today.