Earnings season will be real test of the market from April 10: Sunil Subramaniam

The upcoming earnings season will provide crucial insights into corporate health, especially for IT given global headwinds and for domestic sectors like BFSI and Consumer Discretionary which are expected to show resilience.

Consider long positions in fundamentally strong BFSI and Consumer Discretionary stocks, and look for accumulation opportunities in IT on dips, with strict stop-losses.

For Indian markets, this story mainly matters for , , TECHM and the Financial Services, Consumer Discretionary, Information Technology pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Recommended for focus due to domestic strength. Recommended for focus due to domestic strength. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Earnings season starting April 10th will be a real test for the market.
• •Indian equities saw an intraday reversal driven by a technically engineered rupee rally, not fundamentals.
• •IT index led the bounce as FIIs capitalized on the opportunity.
• •Headwinds like a strong dollar and high crude oil persist.
• •Investors are advised to focus on domestic BFSI and consumer discretionary sectors.