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"The opportunity in the IPO segment depends on market sentiments and the number of IPOs. The recent correction in the Indian market was anticipated and is considered a healthy one. The rise in the Dollar index and US Bond Yields is impacting equity markets globally. The RBI is expected to keep rates stable for the next six months. Despite the overvalued market, there are attractive opportunities in specific companies and sectors."

“We are seeing good growth in hiring for banking, financial services, pharma, healthcare, even consumer verticals and telecom segments . We are seeing improved hiring trends compared to the last two-three years in all these sectors. In the zero to four years’ experience profile, the hiring trends in non-IT segments are very encouraging.”

Voyager was one of several crypto firms to collapse in 2022, along with Celsius Network and BlockFi, after crypto prices plummeted amid interest rates and worsening macroeconomic conditions.

“The way we are positioned is a little bit more long-term than just playing the context, but to a large extent, we believe that there are three sub-sectors which we like a lot. Our big overweight positions are the domestic economy, hard assets like capital goods, cement, real estate and sub-sector within IT, the market infrastructure.”

The plan calls for the fund to have access to total capital of up to hundreds of billions of yuan, the report said, adding that implementation details have not been finalized and there could be a chance the proposal will be scrapped.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

Analyst Sandip Sabharwal believes that 2024 might be a tougher year than 2023, contrary to what most analysts are predicting. He warns investors to be cautious about stocks that have seen a decent run-up in anticipation of performance improvement. Sabharwal also expresses skepticism about the IT sector, stating that while some specific companies may do well, larger diversified IT firms are facing significant challenges.

According to Sudip Bandyopadhyay investors should focus on small and mid-cap IT companies that specialize in specific industry segments such as travel and tourism and auto. He suggests that the generic IT companies face challenges in the US, particularly in North America and Europe. Bandyopadhyay also advises caution when it comes to investing in Zomato, as he believes a 50% rally from current levels may be stretched.

NCC Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.