Evening Wrap: Your 10-second guide to today's top headlines

The top stories of the day are:

Sensex flat; banks & cap goods hit, HDFC Bank down 1%

The market has drifted lower as trading continued to be volatile. Even assurance of C Rangarajan, chairman, Prime Minister's Economic Advisory Council (PMEAC) that the economy is likely to grow at 6.4 percent in FY14 failed to enthuse the investors.

Rangarajan presents FY13 report card, sees FY14 GDP at 6.4%

The Prime Minister's Economic Advisory Council (PMEAC) projected the economy to grow at 6.4 percent in the new financial year that began on April 1. The panel said the economy probably grew 5 percent in the fiscal year 2013, its slowest pace in a decade, but an upward revision was likely.

HDFC Bank Q4 net profit rises 30% to Rs 1,889 cr YoY

India's second largest private sector lender - HDFC Bank  continued to maintain its pace of growth. It reported 30 percent year-on-year rise in its fourth quarter (January-March) net profit at about Rs 1,890 crore, aided by robust interest and other income. Since last one decade, net profit has been growing in the range of 30-32 percent Y-o-Y each quarter.

China HSBC Flash PMI eases, points to tepid Q2 recovery

Growth in China's vast factory sector dipped in April as new export orders shrank, a preliminary survey of factory managers showed on Tuesday, suggesting the world's second-largest still faces formidable global headwinds into the second quarter.

Jet Airways up 4% on deal talks with Blackstone

Jet Airways’ shares rose 3.73 percent to Rs 570 on reports that private equity player, Blackstone has held preliminary talk with the airline’s frequent flier unit, JetPrivilege for buying a stake.

Former CJI J S Verma, head of anti-rape law panel, dies

Former Chief Justice of India J S Verma, who headed a panel to frame a tough law to combat crimes against women in the wake of the Delhi gangrape incident, died of multi-organ failure.

Goldman now expects 50 bps rate cut by mid-2013

Goldman Sachs now expects the Reserve Bank of India to cut the repo rate by 50 basis points by mid-2013, versus its previous forecast of an equivalent cut only in the March quarter of 2014.

Coal India unable to meet power demand: NTPC CMD

The crucial Cabinet Committee on Economic Affairs (CCEA) meet held on Monday shelved the coal price pooling issue   - pegged as the second biggest reform after the SEB restructuring - despite getting an in-principle nod in February 2013 for its clearance.

By: Team Moneycontrol