On the other hand, oil prices rose more than $3 on Monday as a halt to some exports from Iraq's Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand.

Buffett, 92, has longed to make another large acquisition for his Omaha, Nebraska-based conglomerate, whose dozens of businesses include Geico car insurance and the BNSF railroad.

The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank's assets helped to boost bank shares, while a decline in technology-related stocks limited the day's gains.

PNC Infratech has been declared the lowest bidder for a highway project on Hybrid Annuity Mode from the government with a cost of Rs 819 crore.

After turning buyers mid last week, FPIs have returned to their old ways by selling shares to the tune of Rs 890 crore on Monday. DIIs, on the other hand, too bought shares worth Rs 1,808 crore.

At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.

The tribunal has allowed the couple to trade in the securities market except in the scrip of Sadhna Broadcast during the pendency of the investigation.

With the banking and financial sectors in the developed economies especially the US - a segment that contributes a sizeable chunk to the domestic software services exports - under stress, analysts said there is a likelihood of further earnings downgrades in the sector that could weigh down shares of these companies in the near future.

Arcil offered ₹700 crore in a combination of cash and security receipts for a portfolio of ₹880 crore, the people said. The ARC's offer would translate into a recovery of 80% for the finance company.

SBI Cards and Axis Bank, the latter fresh with its acquisition of Citi's credit card portfolio, showed improvement in the card market share that stood at 19.8% and 11.7%, respectively, at the end of February. Cards in force market share for HDFC Bank and ICICI Bank marginally declined to 20.8% and 16.5%, respectively, in February.

The Adani Group is seeking to renegotiate the terms of outstanding loans worth $4 billion taken in August last year for the acquisition of its cement assets - ACC and Ambuja Cements - from Switzerland-based Holcim group, said multiple sources aware of the ongoing negotiations.

The current valuations of Reliance do not assume any value for its new energy and new commerce businesses, foray into the fast-moving consumer goods business, while reflecting investor concerns around the growing debt in the company, slow growth in the retail business and a rise in the capital expenditure, said analysts.

As per the draft, a governing board, comprising secretaries and joint secretaries of the environment, power, renewable energy, steel, coal and oil ministries, among others, would be formed to administer the proposed Indian Carbon Market.

Of the 106 mines that will be offered in the seventh round, 61 are partially explored and 45 are fully explored, the government said on Monday. These comprise 95 non-coking coal, one coking coal and 10 lignite mines.

Earlier, Sebi asked all existing eligible trading and demat account holders to provide a choice of nomination on or before March 31, failing which the trading and demat accounts would be frozen for debits.

In spite of some volatility in the near term, long-term investors can look to buy the stock for a target above Rs 500 in the 6–12-month period.

Ammar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.

The company will buyback about 10,00,000 equity shares through the tender offer route at Rs 2,000 per share from all the eligible shareholders as on record date. The buyback amount excludes expenses to be incurred for various charges, costs and taxes.

In prepared testimony, Fed Vice Chair for Supervision Michael Barr added that the banking system is "strong and resilient," but that the Fed is reviewing its actions leading up to the collapse of Silicon Valley Bank and how to tighten rules on banks going forward.

"We believe that ICICI Prudential Life is well-placed to deliver steady Annual Premium Equivalent growth over the medium term with the diminishing impact of a rundown of business from ICICI Bank," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

Failure to reverse the expected broad-based slowdown in potential gross domestic product (GDP) growth would have profound implications for the world's ability to tackle climate change and reduce poverty, it said in a new report.

Adani Ent said its subsidiary AMG Media Networks has completed the acquisition, which was originally announced in May last year. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime.

European stocks are looking to end the first quarter of the year with gains, buoyed by signs of economic resilience and hopes that central banks are near the end of their tightening cycles. However, European banks are set to end the quarter nearly flat amid the banking sector turmoil.

On Monday, the Sensex benchmark index recorded a gain of approximately 127 points and closed in the positive territory at 57,653. In tandem, 4 stocks from the BSE smallcap index also hit new 52-week highs during this rally. Some traders and investors consider this technical indicator, which reflects a stock's highest trading price over the past year, significant to analyze a stock's current value and project its future price movements.

The derivatives regulator said Binance shirked its obligations by not properly registering with it.

Sebi has imposed a penalty of INR 1 crore on Mysore Amalgamated Coffee Estates for aiding and abetting Coffee Day Enterprises in the diversion of funds worth INR 3,535 crore. The company had to pay the fine within 45 days of the order passed by Sebi. According to the regulator, Mysore Amalgamated Coffee Estates was a pass-through entity that violated SEBI Act and Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. Such diversions of funds were not disclosed to investors until the death of VG Siddhartha, the chairman of the Coffee Day Group in July 2019.

First Citizens BancShares Inc acquired parts of Silicon Valley Bank, which collapsed earlier this month in the largest bank failure since the 2008 financial crisis, unleashing fears about a liquidity crunch in the sector.

ET Market's mutual fund analysis has identified the top 7 hybrid mutual funds that gained between 30 and 43% in the last 3 years. Hybrid funds invest in both equity and debt with the goal of balancing risk & reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar to that of equity schemes, while debt-oriented hybrid schemes are taxed in the same way as debt schemes. (Data Source: ACE MF)

The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.

Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said.

Futures for the Dow Jones Industrial Average and S&P 500 each climbed 0.8% early Monday

Market worries eased on Monday as First Citizens BancShares agreed to buy failed SVB in a deal in which unit First-Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion.

Stocks are increasing as bank stocks show some strength following the takeover of failed Silicon Valley Bank by First-Citizens Bank & Trust, which could help ease market concerns over troubled banks. Stocks in the Dow Jones Industrial Average and S&P 500 each climbed 0.8% in early Monday trading, whilst Nasdaq-traded First Citizens BancShares rose 40% in premarket trading. However, the risks of a recession persist due to the high interest rates squeezing lenders. The managing director of the International Monetary Fund, Kristalina Georgieva, said that financial stability risks are rising as interest rates increase to combat inflation.

Volumes will likely drop next year on the back of falling new account openings and plateauing active accounts, Kamath said, adding that STT collections could be lower than prior to the hike.

On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.

Specified mutual funds have been defined to include funds where not more than 35% of proceeds is invested in shares of domestic companies. This may include debt mutual funds and gold ETFs, where investment in domestic companies is less than 35% of proceeds of the fund.

Specified mutual funds have been defined to include funds where not more than 35% of proceeds is invested in shares of domestic companies. This may include debt mutual funds and gold ETFs, where investment in domestic companies is less than 35% of proceeds of the fund.

The current chief financial officer, Alok Agarwal, has been assigned a new role. According to the release, Agarwal will assume a new role as senior advisor to the chairman and managing director of the company assisting him on a wide range of strategic issues with effect from June 1, 2023, after 30 years of distinguished service.

Shares of Lupin ended 3.3% higher after the company received tentative approval from USFDA for Valbenazine Capsules. Investors lost Rs 1.12 lakh crore on Monday

Closing Bell: Index heavyweights drive Sensex 127 pts higher; Nifty above 16,950; Lupin gains 4%, RIL 2%

​​Similarly, a framework built on the assumption that both debt and equity markets cannot correct by double digits in any given year would face difficulty operating in 2022, when both components of the famous 60:40 portfolio fell by double digits for the first time in a century.

Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

Motilal Oswal is a financial services company offering financial services across retail and institutional broking, private wealth management, investment banking, private equity, asset management, and Home Finance. The company is based out of Mumbai.

"We maintain our e-auction premium estimate for FY23 at 231%, and we reiterate our Buy rating on the stock with a target price of Rs 275 (5x EV/EBITDA). Coal India continues to be our top pick in the mining sector. Any hike in FSA will further add to the financial performance of the company," Motilal said.

Nomura further stated that it maintains its view that Butterfly commands higher gross margins (36.3% in 9MFY23) than Crompton (31.1% in 9MFY23), but its EBITDA margins (10.2% in 9MFY23) are depressed due to higher overhead and marketing costs.

Investors digested news that US lender First Citizens Bank has agreed to buy all the deposits and loans of collapsed rival Silicon Valley Bank. In initial deals, London's benchmark FTSE 100 index of top companies jumped 1.1 percent to 7,484.36 points compared with Friday's close. In the eurozone, Frankfurt's DAX index leapt 1.4 percent to 15,165.39 points, with Deutsche Bank surging 4.5 percent after slumping Friday.

"For the time being, the outlook is for either sideways trading in a narrow range or edging lower," although "the bottom looks quite firm," particularly around 27,300, he said.

In the two months of the volatile phase with a bearish bias, market breadth has been the biggest casualty. Even in such times during this period, some stocks have seen an improvement in their analyst scores. A textile major which has a long track record of exports to infra companies focussed on roads. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

The rising attrition rate in the sector coupled with challenging macroeconomic events could pose headwinds towards execution in automation projects further, the brokerage firm noted.

Increasing taxation (insurance, MFs, trading) can roll back some of the household savings into asset classes like fixed deposits, real estate, and physical gold. Whether there is already enough financial awareness among the populace to appreciate the long-term benefits of insurance/MFs beyond tax savings is a moot question," ICICI Securities said.