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Investors had lapped up the tech stocks, boosting valuations, on account of record-low yields on bonds. Analysts said compressed bond yields raised the value of future cash flow of these companies.

Experts said corporate earnings for the three months ended December have also failed to provide any reason to cheer. Technology stocks have been the worst performers in the last four sessions of losses.

Jio Platforms Ltd (JPL) posted a 9% rise in net profit from a year ago to ₹3,795 crore, driven by higher data and voice consumption and growing average revenue per user (ARPU). The company, however, lost mobile phone subscribers for the second successive quarter.

ICICI Bank may continue undeterred on its loan growth, especially retail, and both slippages and provisions should moderate further resulting in better earnings, analysts said.

Hindustan Unilever on Thursday reported a 18.7% increase in consolidated net profit to ₹2,300 crore for the December quarter. The company had posted a net profit of ₹1,938 crore in the same period of the previous financial year.

Netflix Inc plunged 22.7 per cent after the streaming giant fell short of market forecast for new subscribers at the end of last year and offered a downbeat outlook for early 2022.

Premium income net of reinsurance increased 28 per cent to Rs 12,124 crore from Rs 9487 crore a year ago, led by a 21 per cent growth in renewal premium to Rs 5543 crore in December 2021 from Rs 4577 crore a year ago.

Along with global disturbances, the uncertainties regarding the upcoming budget will likely keep the domestic market highly volatile in the coming days

Total income during the quarter under review increased by 7.7 per cent to Rs 2,837 crore from Rs 2,625 crore in the same period of 2020-21, Bandhan Bank said in a regulatory filing.

Bitcoin has breached the $39,000 level, dropping more than 11 per cent from its peak. Its counterpart Ethereum tanked 14 per cent to test $2,800 levels. The pain in altcoins has been more severe as BNB, Cardano, Polkadot have tanked up to 18 per cent in the last 24 hours, the data from Coinmarketcap shows.