Global markets turned topsy turvy under the threat of rising geopolitical risk in the Middle-East and plausible increase in Yen interest rate which can reduce cross country investments in equity. On the contrary, the Chinese market had a resurgence due to a large stimulus package and cheap valuation. India also weakend under the global pressure and premium valuation while metals are expected to outperform in the near-term. Going ahead the domestic focus will be on the upcoming Q2 results where earnings growth is expected to revert after the dull Q1.