MARKETS LIVE: The indices increase, Nifty recovers 10,800 on the world indices

Sector trend
Top winners and losers of Sensex

Markets at the opening

At 9:16, the Sense Sense SSE index was trading at 35,878, up 220 points, while the Nifty50 index generally stood at 10,858, up from 65 points.

· PNB invites auctions to sell 3 NPA accounts to recover more than Rs 136 cr

· IHH could have won Fortis Healthcare with Rs 4,700-5,400 crore bid

· Thyssenkrupp board accepts CEO's resignation and supports Tata Steel joint venture

· Shriram Group can merge two of its non-bank financing companies

· Maruti Suzuki June total production up 12% to 132,616 units from 118,667 units

· Tata Steel Q1: Raw steel sales up 8% to 2.97 MT, up 7.8% to 3.17 MT

· Sterlite Technologies Acquires Italian Optical Cable Manufacturing Company for € 47 Million

· Goa Carbon Salcete's activities in Goa are suspended for maintenance

(Source: IFL Report) OVERVIEW OF RESULTS Information Technology Sector

The IT sector (hedging universe) is expected to accelerate, despite headwinds in currencies after six quarters. Revenue growth is expected to be 1.3 / 9.6% qoq / yr, with Tier 1 IT growth estimated at 1.0 / 8.3% qoq / yr. Mid-term IT growth estimated at 2.9 / 17.7% QoQ / YoY.

We expect divergent growth trends in Level 1 IT with HCLT (Inorganic) and TCS showing stronger growth, while Wipro / TECHM expects a sequential decline. In the midcaps, Hexaware, Mindtree and Persistent are expected to lead the growth, while Cyient and Intellect expect to display sequential muted performance.

(Source: HDFC Securities) INTERVIEW OF THE DAY We are in the middle of a summer storm, says Mark Matthews of Julius Baer

Fears over rising oil prices and trade wars have created nervousness in global markets in recent weeks. In the face of headwinds, MARK MATTHEWS, managing director and head of research for Asia at Julius Baer, ​​tells Puneet Wadhwa that he does not expect a recovery in Indian markets. But, with earnings growth of 15 percent during fiscal year 19, India would become attractive again by next March. READ MORE HERE

India is a buy-and-hold market for us. We do not approach India on a tactical basis. Buy it, put it away and do not think about it. It's a must-have in the global wallet and you have to own it for a long time: Matthews

Key Economic Data, Consumer Price Index (CPI), Industrial Production Index (IIP) and India's Trade Data are expected to come out on Thursday, July 12 2018.