Today, Asian share markets trade slightly higher following two days of big losses, though gains were limited by ongoing worries about a possible recession and China's latest Covid-19 outbreak.

The Nikkei rose by 0.5% while the Hang Seng gained 0.4%. The Shanghai Composite is up 0.1%.

Wall Street ended in negative territory on Tuesday as growing signs of a global recession kept buyers out of the equities market ahead of inflation data and investors brace for company earnings reports.

The Dow Jones was down 0.6% while the tech-heavy Nasdaq was lower by 0.9%.

Back home, Indian share markets are trading on a firm note.

Benchmark indices opened on a positive note tracking the trend on SGX Nifty and extended gains as the session progressed.

At present, the BSE Sensex is trading higher by 272 points. Meanwhile, the NSE Nifty is trading higher by 74 points.

Asian Paints and Infosys are among the top gainers today.

HCL Technologies and IndusInd Bank are among the top losers today.

Bharti Airtel's share price is falling as the Adani group has announced its foray into the telecom sector.

Broader markets are also trading on a positive note. The BSE Mid Cap index is up by 0.7% while the BSE Small Cap index is trading higher by 0.6%.

Sectoral indices are trading on a positive note with the exception of energy, utilities, oil and gas, and power sectors. Stocks in realty, basic materials, and FMCG witness most of the buying.

IT stocks, which were falling for the past couple of days, bucked the trend and are up today.

Shares of Siemens and Voltamp Transformers hit their 52-week highs.

In the commodity markets, gold prices see a marginal rise. Today, prices are up by Rs 43, trading at Rs 50,500 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading lower at Rs 56,392 per kg.

Rupee continues to fall. It reached a new lifetime low of 79.39.

2021 was a golden year for the investors of stock markets. Almost all companies gained huge market cap. But "this too shall pass" right?

With the onset of 2022, the winds of rising share markets have passed away. Recently, unpredictability has led the stock markets. Too many companies even blue-chip companies have bled profusely on the stock markets.

The effects of a pandemic were just wearing off. The stock markets had been beaten and battered. A huge correction could be seen all over the stock market.

And I am not talking about 2022. I am talking about 2004, a year similar to the current one.

Every cloud has a silver lining. Likewise, every unpredictable year of share markets gives you a chance to invest in a stock that may be available at discounts and which will accumulate crores for you in the coming years.

Like it happened in 2004. In the unpredictable year of 2004, there was one stock that was rising consistently, surpassing the expectation of a bleeding market.

The stock gained over 350% in the six years after it was recommended by Tanushree Banerjee - Co-Head of Research at Equitymaster. The stock started rising in 2004 and after that, it has not looked back.

If an investor had invested even a small amount on a consistent basis in Titan, he would have accumulated crores by now.

In news from the IT sector, HCL Technologies reported its quarterly results yesterday.

HCL Technologies reported a net profit of Rs 32.8 bn, up 2.4% year-on-year (YoY) basis, but was down 8.6%sequentially.

Revenue for the quarter stood at Rs 236.5 bn, up 16.9% YoY. The growth was 3.8% sequentially.

The revenue met estimates but missed the net income target.  The company also maintained its fiscal 2023 revenue guidance at 12-14% growth.

HCL Tech had a total contract value (TCV) of new deals worth US $ 2 bn, a growth of 23.4% YoY.

The growth driver for the company was its engineering and R&D segment, which grew 23% YoY and 3.7% sequentially. The IT and services business grew by 18.1% YoY.

Margins of the company were impacted due to salary increases. Earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at 21.2%, down 1.7% YoY and down 1.5% sequentially.

Attrition for the quarter was up at 23.8%. Attrition was at 21.9% in Q4 of FY22 and 11.8 % in Q1 of FY22. The company plans to add 30,000-35,000 freshers for fiscal 2023.

Further, in news from the metal sector, NMDC's share price is falling.

The country's largest iron ore producer NMDC has slashed the prices of lump ore and fines by Rs 500 a tonne each. Consequently, the company's stock fell over 5% on BSE on Tuesday.

The prices are effective from Tuesday. The company has fixed the prices per tonne of lump ore at Rs 3,900 and that of fines at Rs 2,810 a tonne.

While a lump is high-grade iron ore having Fe (iron) content above 65 percent, fine is inferior grade ore that needs beneficiation.

The revised prices are effective from 12 July 2022 and exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes.

NMDC had last made a price revision on June 6, when it had fixed the prices of lump ore and fines at Rs 4,400 per tonne and Rs 3,310 per tonne, respectively.

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