The outcome of the assembly polls in five states will be the key factor for the markets in the week ahead along with the next batch of fourth quarter earnings and data on April wholesale price inflation.In the week to May 13, markets snapped two-week losing streak to end higher after the government unleashed two major reforms, the amended India-Mauritius Double Taxation Avoidance Agreement (DTAA) and the Insolvency and Bankruptcy Code Bill.The S&P BSE Sensex ended up 261 points at 25,490 and the Nifty50 ended up 81 points at 7,815. In the broader market, the BSE Midcap and Smallcap indices ended up 1.7%-2%. 
The Rajya Sabha passsed the Insolvency and Bankruptcy Code Bill, enabling a single law to deal with distressed companies, their promoters, creditors, employees and other stakeholders for the first time in India.  Stock Market Trading Tips

As per the amended tax treaty with Mauritius, India has gained the right to tax capital gains arising in Mauritius from sale of shares acquired on or after April 1, 2017, in Indian companies.
India's industrial output rose by 0.1 per cent in March, largely losing the momentum generated in February when it had risen by two per cent, after a three-month fall.Consumer Price Index-based inflation (CPI) for the month of April was a higher than expected 5.39 per cent, on the back of a large jump in food prices, snapping a three-month downtrend.  Himanshu Tiwari Astrologer Blog

"The week has been exciting with the earnings season continuing to provide positive surprises and the number of domestic macro events affecting the markets both in the short and medium to long-term. The modified Mauritius tax treaty was long expected and should not have an incrementally negative impact on capital inflows since the adequate level of
grandfathering provided. We believe the Bankruptcy Bill will have a long term positive impact of doing business in India particularly for financial intermediaries at the trough of the credit cycle in the long term," said Tirthankar Patnaik, India Strategist, Mizuho Bank.Further, Indian banks would have to make higher provisions for lending to large corporate borrowers above a certain level from next financial year, according to a proposal by the Reserve Bank of India. Financial Astrology

Gains during the week were led by banks after the passage of the Bankruptcy Bill which allows early identification of financial distress and help faster recovery of dues. Axis Bank was the top Sensex gainer up 6% followed by ICICI Bank, HDFC Bank and SBI.Asian Paints ended up 6% after the company reported 20% year on year (YoY) jump in its consolidated net profit at Rs 409 crore for the quarter ended March 31, 2016 (Q4FY16), on the back of healthy operational income.
FMCG major Hindustan Unilever ended down 2.6% after volume growth stood at 4% in Q4. This number lagged Street expectations of five-seven per cent and was HUL's lowest volume growth in the past five quarters.  Personal Numerology

Dr Reddy's Laboratories gained 1.5%. The drug major reported an 85.6 per cent fall in consolidated net profit to Rs 74.6 crore for the quarter ended March. The reasons include provisioning to write down receivables from Venezuela and increased tax expenses. However, the management guided for an uptick in revenues during the second half of the current fiscal.
IT majors TCS and Infosys were also among the top Sensex gainers during the week with gains of over 2% each.Sensex Astrology