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The Dow Jones Industrial Average rose 74.85 points, or 0.22%, at the open to 34,047.86, and the S&P 500 opened higher by 7.96 points, or 0.20%, at 3,977.57

The dollar-rupee closed below an uptrend in place since the beginning of 2022 on Tuesday, a bearish technical signal for chart watchers. The next support for the pair is around the 81 per dollar level, according to Fibonacci analysis, with a breach of that pointing the way to the 80 level last reached in August

"A softer landing for the U.S., and perhaps elsewhere, combined with a strong economic rebound in China following the current COVID wave could make for a much better year than feared and stimulate extra crude demand," said Craig Erlam of brokerage OANDA.

The Hyderabad-based company benefited from the four acquisitions it did last year, including its largest ever of Finnish engineering services firm Citec which helped expand its footprint in Europe.

The move came after the stock exchanges expressed their concerns before Sebi that due to the requirement of a single contract on a particular commodity, except for gold, silver and precious metals, the participation of investors, especially in metal contracts, is limited.

The hourly momentum indicator triggered a positive crossover and is also showing divergence indicating that the momentum on the downside is weakening and the index is likely to start a fresh leg of up move in the next few trading sessions.

The case relates to issuance of OFCDs by Sahara India Real Estate Corporation and Sahara Housing Investment Corporation during 2008-2009. They raised money through public issue of securities by issuing OFCDs without following the various procedures intended to protect the interest of the investors, in respect of public issues, prescribed under the norms, as per Sebi.

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The rupee finished the session at 81.55 per dollar to recoup mild losses, versus its previous close of 81.5750. The currency had gained 1.40% over the past three sessions after four weeks of range-bound movement.

“For India, it will be a balancing effect. Today, the consensus is looking at something like a 15% earnings growth by FY23. This is going to be closer to 10% rather than 15%. We will still achieve 10% more because of this margin normalisation. We will still manage a double digit growth which will be very good in a global context ”