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“Largecap IT companies or the sector as a whole will probably get into a time-wise correction. A large part of the price damage is already done. The midcap universe probably did disappoint in terms of earning expectations. It might correct more because the valuations in comparison with largecaps are still relatively higher.”

Stablecoins are cryptocurrencies designed to maintain a stable value, typically by being pegged to a stable asset such as the US dollar. Investing in stablecoin can help mitigate market volatility because they are less susceptible to price fluctuations than other cryptocurrencies such as Bitcoin or Ethereum or any other

This often leads to a phenomenon known as "System hopping," where traders experiment with various strategies across different asset classes, unaware of the finite nature of their funds. As a result, they often deplete their trading capital, become demotivated, and exit the market.

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.