By Malvika Gurung
Investing.com — The domestic market indices made a flat opening on Wednesday and continued trading muted on Dalal Street amid weak global cues and investor looming concerns following US banking concerns and fears of a slowing economy.
Benchmark indices traded 0.07% lower at 17,757.3 and slipped 10.5 points at 10:48 am.
Shares of the US commercial bank First Republic Bank (NYSE:) crashed 49.4% in the overnight session on Wall Street amid exacerbated jitters about the bank’s health.
Some market heavyweights are scheduled to release their March quarterly earnings on Wednesday, including the mega-cap giants Maruti Suzuki (NS:), Bajaj Finance (NS:) and HDFC Life Insurance (NS:).
India’s largest carmaker Maruti Suzuki is set to release its financial results for the quarter ended March 31, 2023, on Wednesday, along with the financial behemoth Bajaj Finance, and the insurance giant HDFC Life Insurance.
SBI Life Insurance Company (NS:) is also set to report its March quarter earnings on Wednesday, along with L&T Technology (NS:) Services.
Other prominent players set to release Q4 FY23 earnings on April 26 include IIFL Finance (NS:), KPIT Technologies (NS:), Indus Towers (NS:), Can Fin Homes (NS:), Tanla Platforms (NS:), Poonawalla Fincorp (NS:), Supreme Petrochem (NS:), and Voltas (NS:), among others.