Indian equity benchmarks remained extremely volatile this month on account of ongoing earnings season and 2019 Lok Sabha elections keeping investors extra cautious.

Indian markets are likely to stay volatile on Tuesday amid selloff in global markets after trade tensions between US and China escalated. Moreover, March-quarter earnings and Lok Sabha election results also added uncertainty in the markets. Asian shares traded near five-week lows after US President Donald Trump's threat to raise tariffs re-ignited worries about US-China trade tensions. In the previous session, benchmark indices BSE Sensex and NSE’s Nifty 50 plunged nearly 1 percent, eroding Rs 1.24 lakh crore in market capitalization. At 7.35 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was trading 35 points up at 11,692.

Indian markets are likely to stay volatile on Tuesday amid a selloff in global markets after trade tensions between the...

Among brokerages, Nomura and CLSA were bullish on ICICI Bank post Q4 earnings and raised its target price. Macquarie maintained 'outperform' on Marico, while Morgan Stanley upgraded the stock to overweight.