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“The fall in our portfolio was much lesser compared to others but we are still trading at 27-28 times and for a 25% earning growth for the next year, the portfolio is trading at almost 1.2-1.3 times PEG. We have very less derating risk and we are poised to participate in the earning growth which is expected to fructify in the coming future.”

“I still see double digit earnings growth for companies over the next couple of years. If that is the case, then I do not see any reason why the markets should not give double digit returns in the next calendar year, assuming that this year is a bad year or probably we are a tad negative from what we started. ”

On the sectoral front, buying was seen in auto, capital goods, banks, utilities, and power stocks while selling was visible in metals and realty stocks.

Bitcoin, the largest cryptocurrency, jumped 7.83 per cent in the last 24 hours to $21,961.59 and is up 8.15 per cent in the last seven days.

Eris Lifesciences Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 8921.10 Crore) operating in Pharmaceuticals sector.

Meanwhile other airlines such as Air India, Vistara and SpiceJet have upped crew salaries. Tata’s airlines are expanding and recruiting. Also growing its manpower would be Akasa, which received its flying permit on Thursday and Jet Airways which plans to start flights in its second lease of life.

British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) executed a binding agreement to invest up to Rs. 1,925 crores each into a wholly owned subsidiary of M&M that will be newly incorporated (“EV Co.”).

Tata Consultancy Services, MMTC, Kohinoor Foods, Shrenik, Brahmaputra Infrastructure, Morarka Finance and Spectrum Foods are among companies that will announce their quarterly earnings today.

"Europe is exposed to large risks around energy dependency, a cost of living crunch on the consumer, and fragmentation risk. This spells euro/dollar lower," said analysts at Citi.

Edelweiss said investors may watch out for deal momentum, tenure and pricing; attrition and supply-side pressure; client budget and how the pipeline is shaping amid geopolitical uncertainties and weak macro outlook.