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“However, recent global developments alongside RBI’s intervention strategy led to a sharp fall in the forward premium and a dollar squeeze in the spot market, which led the USD/INR to depreciate faster than anticipated and is currently quoting at 79.32. USD/INR has thus depreciated by 6.3 per cent over the end-December 2021 levels,”

The NFO, which opens on 12th July and closes on 26th July, will have a balanced portfolio comprising both cyclical and counter-cyclical sectors that aim to outperform across various market cycles.The team employs a proprietary, cash flow-based ‘Opco-Finco’ analytical and valuation framework which provides unique insights in contrast to accounting earnings-based models.

The pound has fallen so much because of the rumblings of a resignation. I think markets have already priced in a change of government, and that should pave the way for a bit of medium-term stability." Worries about economic growth and soaring inflation continued to dominate global market mood, with investors now looking to the earning season for signs on how companies are faring amid costs and weakening consumer confidence.

“Market experiencing a counter-trend bounce. It is not a change of trend. So far the move from 15,183 has been jockeying back and forth and that is a trademark signal of a counter trend move. So this is not a change of trend; within the downtrend, this is a short-term up move.”

"Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added.

“Other than IT, FMCG, education, telecom, ecommerce, retail essentials, healthcare, banking and financial services all are hiring. Across all industries, we are seeing a very strong intent to hire. To some extent, that is because the attrition levels were very high, especially in the last quarter. So, high attrition coupled with very strong demand is translating into a lot of new jobs especially in formal industries, largely in the metro cities. We are seeing a very strong trend.“

Dollar revenue growth is seen at 3.4 per cent YoY or 1.5 per cent QoQ, with the cross-currency impact seen at 190 basis points. Deal wins and the impact of the macro weakness on growth will be key monitorable, Motilal Oswal said in a note.

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"The penultimate day ahead of the earnings season witnessed buoyancy as bulls pressed the accelerator with the south-west monsoon lashing the financial capital," said S Ranganathan, Head of Research at LKP securities

“Cycle times are narrowing and we can have multiple bull and bear markets within one year in many of the products – commodities as well as stocks. The reason for that is the high momentum trading, the algo-based trading, quant-based trading. All of that has impacted the sharpness with which prices move up and down across the board on all publicly traded products. This is the new normal.”