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ADRs of Infosys traded nearly 3 per cent higher at $17.52, and those of Wipro rose about 4 per cent to $4.91 on the New York Stock Exchange.

“We believe our quarterly annualized attrition has peaked in Q2 and should see it taper down from this point, while compensation expectations of experienced professionals moderate,” Chief HR Officer Milind Lakkad was quoted as saying in the release.

"On the equity side, actually there is a net inflow of about Rs 14,000-15,000 crore, which, given the market volatility, is a very healthy number."

"We have seen GDP downgrades coming through and I would not be surprised to see the margin pressures coming back because while WTI has been fairly strong, CPI has yet to catch up"

The Dow Jones Industrial Average rose 122.30 points, or 0.42%, at the open to 29,419.09. The S&P 500 opened higher by 7.85 points, or 0.22%, at 3,647.51, while the Nasdaq Composite gained 7.54 points, or 0.07%, to 10,659.95 at the opening bell.

​A few weeks back, media reports had said that India Cements was in talks with several players to sell the Madhya Pradesh project. Besides JSW Group, UltraTech Cement and Adani Group were also in the race to acquire the asset.Springway Mining, a wholly-owned subsidiary of India Cements, owns limestone-bearing land in the Panna district of Madhya Pradesh and is in the process of setting up a cement plant in the state.

"Margin improvement will definitely happen, but moving towards 26-27% is a big challenge and when it comes to the supply-side situation, unless the attrition rate is really handled properly or addressed quite well, we will see more margin pressures."

With more than two decades of experience in banking and financial markets, Gopalakrishnan has been a member of various advisory committees constituted by the Sebi and RBI. Before joining Sebi, he was an associate professor at S.P. Jain Institute of Management & Research, Mumbai.

The sharp movements came as Russia was unleashing widespread missile attacks across Ukraine on Monday, after the partial destruction of the bridge linking Russia and the Crimea peninsula that Kremlin annexed in 2014.

"Last year we earned Rs 65 crore total revenue, which includes Rs63.5 crore revenue from operations – this is a 44% increase over the previous financial year"