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By refraining from breaking new ground or providing operational details of any evolution in policy, both of which would have inevitably tilted more hawkish at this point, Powell gave investors more reason to take stocks and bonds higher. And indeed, stocks rallied to a new record while bond prices also rose.

“In the near term, there may be an opportunity to buy up some of the stocks that have fallen off quite considerably but one will have to be willing to sit with the stocks for a long time and wait for the earnings growth to play out rather than just look at it as a trading opportunity. ”

Analysts said not only Bharti Airtel, but telecom stocks have been out of favour globally. If anything, Bharti has performed better among them, they said.

“Even though this (Fed chair speech) can be treated as the beginning of normalization of the accommodative policy, the communication is smart enough not only to calm the markets but to enthuse it too. This will enthuse the bulls in India too,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 727792.58 Crore) operating in IT Software sector.

Spot gold was up 0.2% at $1,819.71 per ounce, as of 0046 GMT. Earlier in the session, bullion hit a peak since Aug. 4 at $1,820.50.

Traders taking bets on futures and options (F&O) markets will have to shell out higher margin money making these trades more expensive. Essentially, they are required to cough up 100 per cent of margin upfront under the new peak margin norms.

Brent crude was up by 84 cents or 1.2% at $73.54 a barrel by 0001 GMT, after gaining more than 11% last week in anticipation of disruptions to oil production. US oil gained 53 cents or 0.8% at $69.27 a barrel, having jumped a little over 10% over last week.

The survey also said about 46 per cent of the 117 CEOs, who participated in the survey, expected more than 10 per cent revenue growth of their respective company in the first half of the current fiscal as compared to the first half of pre-pandemic year 2019-20.

Around $200-250 million have been raised by such companies from investors since January, data compiled by ET shows.