Weak Asian markets are likely to derail a four-day 2.39% rally in the BSE Sensex. RIL announces Q4 results while Cairn India reports FY 2012 results today, 20 April 2012.

ICICI Bank and Punjab National Bank have reportedly cut their deposit and lending rates by 25 basis points.

Hindalco Industries reportedly plans to raise Rs 3000 crore in 10-year bonds at 9.55%.

Ambuja Cement reported a 23% fall in net profit to Rs 312 crore on 19% rise in net sales to Rs 2633 crore in the quarter ended 31 March 2012 over the quarter ended 31 March 2011.

Aviation stocks may be in demand on reports the finance ministry on Thursday has announced policy changes for the airline industry, allowing them to raise additional low-cost capital through external commercial borrowings (ECBs). Now, airline companies can borrow through the ECB route up to $300 million each with a maximum ceiling of up to $1 billion for the entire sector.

Key benchmark indices gained for the fourth straight day on Thursday, 19 April 2012 to settle at highest level in more than two weeks as firm European stocks supported domestic bourses. The BSE Sensex was up 111.32 points or 0.64% to 17,503.71, its highest closing level since 3 April 2012.

Asian markets fell on Friday as disappointing US economic data reignited fears about the strength of recovery while the return of the euro zone debt crisis also kept riskier assets under pressure. Key benchmark indices in Hong Kong, Japan, Indonesia, Singapore, South Korea and Taiwan were down by between 0.01% to 1.28%. China's Shanghai Composite rose 0.08%.

US stocks declined on Thursday as macro economic data showed more signs of weakness. The Dow Jones Industrial Average fell 68.65 points, or 0.53%, to 12,964.10. The S&P 500 index dropped 8.22 points, or 0.59%, to 1,376.92. The Nasdaq Composite index lost 23.89 points, or 0.79%, to 3,007.56.