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According to a statement by RAIRtech, the proceedings from the NFT would be split between the Ukrainian-American Coordinating Council and the Web3 Developer Fund and would benefit Web3 developers in Ukraine.

After providing investors with a massive 40 per cent return in 2021-22, the Nifty IT index is down 5.4 per cent so far this year, and earnings of the two largest companies, TCS and Infosys, have done little to stem the slide.

"Given that the market valuation is no longer cheap, I would say that the number of bargains available in the market is less."

HDFC Mutual Fund loaded up 80 lakh shares of HDFC Bank and 71 lakh shares of HDFC in March. Interestingly, buying came ahead of the Street-shaking announcement of the merger of both entities in early April, following which both stocks rallied significantly.

“The commentary going forward will be very significantly talking earnings down. What the market has yet to reflect is an earnings downgrade and which is why we are seeing that while markets globally have had these kinds of falls and recoveries, they have really done nothing for the past six months, particularly our market.”

Analysts said the Q4 miss was an aberration in an otherwise stock demand environment and said it could bring some weakness on the counter in the short term. That said, their long term targets suggest double-digit potential upside for the scrip.

The benchmark Nikkei 225 index rose 1.22 percent, or 328.51 points, to 27,172.00, while the broader Topix index gained 0.95 percent, or 17.99 points, to end at 1,908.05.

The S&P/ASX 200 closed 0.6% higher at 7,523.4, posting its fourth weekly gain in five. The benchmark marked its lowest trading volume so far this year, ahead of a long weekend due to Good Friday and Easter Monday holidays.

The blue-chip index fell 0.2%, with oil majors BP and Shell down 0.3% each on weaker crude prices.

For the week ahead, stock markets could see fresh declines as investors react to disappointing fourth-quarter results by IT heavyweight Infosys, Bhamre said. Index heavyweight HDFC Bank is also set to declare earnings on Saturday, which would drive stock prices.