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"IT and financials are likely to see maximum limelight in the near future. On one hand, Indian IT companies have proven their capabilities and are likely to benefit from global spending on digitization, but on the other hand, markets are anxiously looking for any signs of a slowdown in IT spending on concerns of upheaval in the US, especially in the tech sector. Financial companies are trading at attractive valuations v/s their past average."

“We should wait for a couple of days and look at the results and the commentary and then buy 4-5% higher in case other numbers are good rather than trading or investing right now. I would wait for numbers and then I would take a call on the entire IT stocks.”

“Over the years, the new business premium collection has been deceleratingMy take is that LIC has not yet demonstrated a strong new business growth, new business profitability growth and the proportion of new business to their already existing value in force is quite small. Unless that ratio improves, we would not see valuations improve for LIC. ”

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 620893.59 Crore) operating in IT Software sector.

It comes amid a chorus of growth warnings on Wall Street, as a Fed intent on bringing inflation down from more than 40-year highs sets the course for aggressive monetary policy tightening that investors fear will also hurt U.S. growth.

In a stock exchange filing, the Tata group telecom equipment maker said that it has bought "60,81,946 equity shares through secondary purchase at a price of Rs. 454.19/- per equity share amounting to 62.65% of the equity share capital of Saankhya, on a fully diluted basis for a consideration of Rs. 276.24 crore.”

​​Reliance Group’s IoT (Internet of Things) business - Unlimit, which it set up in late 2016 in partnership with Cisco Jasper, shut shop last year. Its chief executive Juergen Hase left the company in January 2021 after his contract tenure expired. This is the latest impediment faced during the corporate insolvency resolution process that RCom is undergoing.

While three-wheeler sales shrank at a slower pace of 6% compared with June 2019, it is the two-wheeler segment which still remains the biggest cause of concern and is not picking up as per expectations, Gulati said. Two-wheeler retail sales increased by a fifth from a year earlier to 1,119,096 units in June, but were down 16% from the same month before Covid in 2019.

Cross-currency headwinds will also impact earnings, they said, on concerns of an impending recession in the United States, the largest market for Indian IT firms.

ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added.