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On the derivative side, FIIs have covered shorts in the April series after their net short positions touched an all-time high a month ago. Insiders bet that the FII short-covering could continue to Nifty and touch at least the 18,200 mark, where the index may start to look relatively expensive.

Markets cheered FOMC minutes for the March meeting, which showed that the Federal Reserve officials were concerned about the banking crisis and high inflation as they see the US economy undergoing a mild recession later this year, which implied peak rates could be lower

The Nifty extended its gains by another 1% in a truncated last week and tested our targets of 17800, driven largely by short covering. Once again, financial stocks were major gainers of the week, along with midcap and small caps, which continued their momentum in the new financial year. Going ahead, we expect the Nifty to consolidate with support near 17500 amid results from heavyweights

Avalon Technologies is one of the leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations delivering box-build solutions in India. The company provides a full-stack product and solution suite, from printed circuit board design and assembly to the manufacturing of complete electronic systems

“In the case of the auto sector, on the two-wheeler front, courtesy their higher exposure to rural areas and also the fact that inflation has already impacted them over the last 12 to 15 months, we are seeing growth rates gradually in the process of bottoming out. So some bit of uptick might come through, linked to the rural uptick over the next 12 to 18 months. ”

Benchmark indices rose for 10 straight sessions, marking their longest winning streak since October 2020. The rally in 10 sessions brought more than 800 points gain in Nifty50.

In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. The services business revenue rose 2.2% sequentially and 15.4% YoY in constant currency basis.

We launched our Portfolio Management Services (PMS) on 9th May 2021 and we got very good traction in the first year of its inception only. We staggered the entry in equities and parked the funds for over 2 months.

"Last two quarters, agri loans were a bit of a problem, so we need to wait for the management to tell us how the agri loans are really performing," says Aditya Shah, JST Investments.

The core strategies in the fund are a mix of futures market-neutral meaning zero net exposure strategies using single stock futures and tail risk hedged options strategies. So, the goal is to generate alpha without being directional on the markets and there are lots of such opportunities right now and some examples are sectoral rotation, relative momentum, and volatility arbitrage. We follow a low net exposure strategy so we will have a 5-7% net long position in the current market environment.