"We advise investors to remain cautious, as markets are likely to remain volatile ahead of the Fed's meeting outcome on Wednesday late evening. US Fed’s commentary amidst the ongoing financial crisis would be of key importance and can provide some direction to the markets," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Franklin Templeton Fund picked up about 0.5% stake in Devyani International through a block deal on Tuesday, while Temasek offloaded nearly 3% stake in the company.

History suggests that the stock has always managed to bounce back whenever it tested this crucial moving average. It did retest this crucial moving average in June 2022 but managed to stage a smart bounce back, which took it to a fresh record high of Rs 2,916 on September 15

Traders largely expect a 25-basis-point rate hike from the Fed on Wednesday, half the 50-bps increase expected before the banking crisis triggered by Silicon Valley Bank and Signature Bank's collapse. The Dow Jones was up 241.12 points

He was reacting to UBS's rescue of Credit Suisse on Sunday, which has seen holders of Additional Tier 1 bonds lose everything while shareholders received $3 billion worth of UBS shares.

"Pidilite Industries stock has a history of bouncing from 100wema which is expected to lend a push in the current scenario as well. The stock looks poised for an upside thrust once short-term stability comes," Gaurav Bissa, VP, InCred Equities, said.

Franklin Templeton Fund has picked up about 0.5% stake in Devyani International through a block deal on Tuesday. Franklin's India Flexi Cap Fund has bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at an average price of Rs 145 per share.

Bank stocks, including First Republic Bank, saw gains after the rescue of Credit Suisse eased concerns about the health of smaller US lenders and financial stability in general. Federal Reserve policymakers are expected to discuss the recent market upheaval at their current meeting

The US Federal Reserve is due to conclude a two-day interest rate meeting today. The bank's ninth consecutive rate increase will likely see its benchmark lending rate raised by a quarter percentage point, but opinions are divided as to whether this will be the end of its hiking cycle

The agency said country's banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates

Adeyemo said "decisive action" taken by the Treasury, Federal Reserve and the Federal Deposit Insurance Corporation to protect depositors in Silicon Valley Bank and Signature Bank and ensure liquidity for other banks had stabilized the banking system, but a review of the banks' failures was in order.

Gold prices touched a lifetime high of 60,000 mark on Monday. But what does this mean for the investors? Should they buy, sell or hold? Here's all you should know

Benchmark Sensex and Nifty rebounded nearly 1% on Tuesday tracking firm trends in global equities, and prompted by buying in index major Reliance Industries and banking stocks. The 30-share BSE Sensex climbed 445.73 points or 0.77% to settle at 58,074.68. At the close, Nifty topped 17,100 levels. From the Nifty pack, HDFC Life, RIL, Bajaj Auto, Bajaj Finance and Titan were among the top gainers.“Nifty’s recent price set-up ensures immediate support near 16,850-16,900 zone, while on the higher side it is likely to revisit levels of 17,200-17,250,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities.Here are stock recommendations for Wednesday:

The rally in stocks on Wall Street comes a day before a crucial interest-rate decision from the US Federal Reserve

There is a preference for single opportunities that rank at par with institutional investors as opposed to blind pool private equity funds. New-age and tech-oriented promoters with wealth generated through private- and public-market exits have a larger allocation to private equity.

On Tuesday, benchmark index Sensex rose 446 points to end above the 58,000 mark. Despite this comeback rally, seven stocks from the BSE IT index have touched their new 52-week lows. The 52-week low is a technical indicator that reflects the lowest price at which a stock has traded during the past year. Some investors and traders consider this an important factor for assessing a stock's current value and predicting its future price movements.

US Treasury Secretary, Janet Yellen, has reassured depositors and investors that the country’s banking system is sound, despite a series of bank failures this month. Yellen said government intervention was necessary to protect the broader banking system and warned that additional rescue arrangements may be necessary if smaller institutions suffer deposit runs that pose the risk of contagion. The government has launched investigations into the causes of the bank failures and President Joe Biden called on Congress to strengthen rules on regional banks and impose tougher penalties on executives of failed banks.

Investor confidence globally is at its lowest level in 20 years due to the US banking system chaos and renewed recession fears, with a recent BoA survey showing investors are taking on heightened risk levels. European fund managers are reportedly especially pessimistic, with a third of respondents saying "a systemic credit event" appears to be the most significant market threat. In Germany, another survey shows a significant decline in investor sentiment. Following the recent collapses of Silicon Valley Bank and Signature Bank, concerns have grown over the prospects of other potential bank crises occurring.

While the contagion risk of SVB’s fallout has been avoided for the time being, there are some lessons we can take away from this episode.

We expect the recovery to strengthen further. However, the upside still seems capped, citing multiple hurdles till 17,400 levels in Nifty. Besides, caution ahead of the outcome of the US Fed meeting would keep the volatility higher. Participants should align their positions accordingly while keeping a check on leveraged trades.

The interim dividend will be credited to investors on or before April 19. It will be paid to the shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on March 29, which is the record date.

The record date for the purpose of payment of the fourth interim dividend is set on March 29. The company said the dividend will be paid within stipulated timelines as prescribed under the law.

Data shows that while the number of unicorns globally increased to 1,204 in 2022 from 959 in 2021, the cumulative valuation of new unicorns decreased to $556.6 billion in 2022 to $1,159.8 billion in the previous year

Indian Bank reported a two-fold jump in profit at Rs 1,396 crore in the third quarter of the current fiscal year, driven by an increase in interest income and a decline in bad loans

Although there was no consensus around the peak rate, a clear majority of economists, 13 of 21, expected one more rate hike in June of at least 25 basis points. None expected the central bank to cut interest rates this year.

Closing Bell: Sensex rises 446 pts tracking firm global cues; Nifty tops 17,100; RIL gains 3%, HUL sheds 2%

The 30-share BSE benchmark Sensex surged 446 points or 0.77% to settle at 58,074. The broader NSE Nifty rose 119 points or 0.70% to end at 17,107.

This residual duration will have limited impact on interest rate volatility. However, investors in TMF should also be mindful that they will largely miss out on the duration-led capital gains that a long duration income fund has a great potential to deliver.

Exposure to the banking and financial services sector, excluding insurance, for TCS stands at 29%, Infosys at 26%, Wipro at 27%, HCL Technologies at 14%, and Tech Mahindra at 12%.

European stocks rose on Tuesday as investors looked to the U.S. for cues on interest rates and banking sector stability. The STOXX 600 index was up 0.9% by 0809 GMT, extending gains after the index sharply recouped intraday losses and closed the session up nearly 1%. The Fed begins a two-day meeting later in the day and after a wild few sessions U.S. interest rate futures pricing implies that a peak in rates is either imminent or already

"Margin outlook is also positive as we expect scale efficiencies to accrue from the new IPs created in FY23E and gaming accessories business," it added.

If you are an Indian investor looking to get exposure to overseas stocks, investing in international funds or funds with foreign stocks in a portfolio can be a good start. Here are top five overseas stocks held by mutual funds in Feb that have given double-digit returns in 2023 according to Fisdom Research.

As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.

Once again the US banks are at the center of a storm in equity markets. In such times, a few mid-cap stocks have been able to keep their head above water. They have been able to rise marginally in a market where the majority of stocks have been coming under pressure. Which makes it worthwhile to have a look at them. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.

Once again the US banks are at the center of a storm in equity markets. In such times, a few mid-cap stocks have been able to keep their head above water. They have been able to rise marginally in a market where the majority of stocks have been coming under pressure. Which makes it worthwhile to have a look at them. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The earnings of OMCs have been under pressure for the past few quarters following the Russia-Ukraine war to high energy prices resulting in steep losses. The recovery was strong in the latest third quarter, led by robust refining and marketing margins.

For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.

"The company has emerged as the successful bidder for the BOS package comprising of four blocks of 300 MW (AC) each in the proposed 1200 MW Solar PV Project of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat," the company said in a BSE filing.

UTI AMC is the investment manager of UTI Mutual Fund. UTI AMC is registered as a portfolio manager with SEBI and through its subsidiary, it acts as a fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.

In an already volatile market, bears are getting help every day by unfolding global events. However there are few large cap stocks which are finding favor with analysts. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

He further said the more calm is restored following the panic selling of bank stocks in recent days, the more likely the Fed is to announce another 25 bps rate hike, whereas if risk-off continues a pause seems much more likely.

"The company has emerged as the successful bidder for the BOS package comprising of four blocks of 300 MW (AC) each in the proposed 1200 MW Solar PV Project of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat," the company said in a BSE filing.

Five prominent life insurance houses are bullish on particular smallcap stocks. These stocks belong to different sectors such as banking, IT, healthcare and NBFC. Brokerage firm Nuvama, through its Insurance Portfolio Analyzer, covers and helps analyse holdings (consolidated & scheme wise) of five life insurance giants in India – ICICI Pru Life, SBI Life, HDFC Life, TATA AIA and Kotak Life – as they are the few houses that disclose their entire holdings. Here's a list of 11 smallcap favourites of 5 prominent life insurance houses:

For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.

Motilal Oswal initiated a buy on Phoenix Mills with a target of Rs 1700. The brokerage firm expects the company to deliver 34% CAGR in EBITDA of the rental portfolio.

BofA cut its year-end target for the Nifty 50 by 8.3% to 18,000 points, expecting the index to be volatile and trade between 16,000 and 18,000 levels for the year.

Opening Bell: Sensex jumps over 250 pts, Nifty above 17,000; RIL, L&T gain 1% each.

From the Sensex pack, Nestle, L&T, Bajaj Finance and Bajaj Finserv were the top gainers, rising over 1%. Reliance, Bharti Airtel, Axis Bank and Asian Paints also opened with gains. On the other flip side, Tech Mahindra, Power Grid, ITC and IndusInd Bank opened with cuts.