7% respectively. S. Treasury yields, which have pushed global risk appetite lower. Investors were also wary of the recent policy signals from the RBI that could tighten liquidity in the coming months.
Among the stocks that drew attention were state‑owned giants ONGC and BPCL, both of which announced new projects that could lift future cash flows. RailTel Corporation and Compucom Software secured sizeable contracts with the government, bolstering their earnings outlook. Meanwhile, Lohia Corp and a handful of other mid‑cap names are slated to report first‑quarter results today, adding to the day’s earnings buzz. For retail investors, the combination of higher oil prices and bond yields means a cautious stance in the short term.
However, the focus on PSU and infrastructure names could offer value if the market corrects. Diversifying into sectors that benefit from government contracts, such as telecom infrastructure and energy, may help mitigate downside risk while positioning for upside as the economy recovers. With earnings season underway and global markets still volatile, traders should keep a close eye on policy cues and corporate announcements. A steady decline in the indices may also create buying opportunities for those looking to add quality stocks at discounted prices.