 "10 things you need to know before the opening bell")
Global markets
US stocks rose for the fourth session in a row on Tuesday as investors bet that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the rally further. (Reuters)
Asian shares edged up on Wednesday, helped by Wall Street’s gains on optimism for US company earnings.(Reuters)
The euro stabilised on Wednesday after tumbling to a three-month low against the dollar after ratings agency Standard & Poor’s cut Italy’s debt rating. (Reuters)
[caption id=“attachment_944053” align=“alignleft” width=“380”]  The Bombay Stock Exchange. AFP.[/caption]
Business/ Stock news:
Infosys, after the company’s global sales and marketing head Basab Pradhan quit just ahead of its results on Friday. Pradhan, who was the member of Infosys executive council, said he is planning to start his own venture.
IndusInd Bank, as the bank will announce its first quarter results today, kicking off a key earnings season.
Sterlite Industries, as the Supreme Court will hear the Tamil Nadu Pollution Control Board’s petition against National Green Tribunal’s order allowing its controversial smelter plant in the state to function.
JetAirways, as ministers of law and civil aviation Kapil Sibal and Ajit Singh are likely to hold a meeting to discuss the controversial bilateral rights pact with Abu Dhabi, CNBC-TV18 reported.
Economy/Policy news
The International Monetary Fund (IMF) on Tuesday cut India’s growth outlook for 2013-14 to 5.6 percent from the 5.8 percent it projected in April, saying slowing credit growth and the prospect of the US Fed unwinding easy-money policies is aggravating a slowdown in emerging markets.
The Reserve Bank of India (RBI) ordered state-owned oil companies to buy dollars from a single public sector bank as regulators on Tuesday took a series of measures to boost the rupee that hit a lifetime trading low a day earlier. State oil refiners, who are the biggest buyers of the dollar, agreed to implement the RBI order with immediate effect, people with direct knowledge of the development said. The companies were even willing to accept RBI selling dollars directly to them through a single window.
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