As the truncated trading week ends with today’s session, global queues have remained quite muted through all four trading sessions this week.

Two major events took place this week with both the USA as well as the ECB going ahead and hiking rates as far as the Fed funds as well as the ECB rate is concerned both by 25 basis points.

Looking at the overnight set up, US markets ended lower for the fourth straight session.
All of the US indexes ended with cuts and post marketers. European markets too ended on a negative queue after the ECB delivered the 25 basis points hike.

Meanwhile, Apple delivered its results and it's been a blowout to quarter with both revenues as well as bottom line meeting analysts’ expectations.

The Indian market, however, continues to outperform. On May 4, Indian markets ended with gains to turn positive for 2023. In fact, Nifty 50 ended up above the 18,200 level.

Important use watch out for today. Key results include Britannia and result reactions to track include TVS Motor and United Breweries.

Asian markets are indicating a muted start after the weak handover.

Tune in to the Marketbuzz Podcast for more market cues