"In Q3, capital goods companies reported strong margin expansion. This is usually a good lead indicator of a strong demand outlook (so that competitive intensity is less), better capacity utilisations or new capabilities that are not yet commoditized," said Prateek Agarwal of Motilal Oswal Asset Management Company.

“We maintain our Buy rating on the ITC stock as a result of (a) better earnings visibility over peers in the next few quarters, (b) inexpensive valuations; and (c) attractive dividend yield,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The price of this company has been consolidating below Rs 1,140 since June 2022. During this phase, the price has made several attempts to rise out of this range but failed. The recent attempt was met by a strong resistance from the horizontal trendline. Now the price has formed a bearish engulfing pattern, which suggests that the price would slide lower from here.

India VIX was up by 8.38% from 14.77 to 16 levels on Monday. Volatility has been on the rise from the last three weeks which is giving some discomfort to the bulls. On the weekly options front, the maximum Call OI is placed at 17200 and then towards 17000 strike while the maximum Put OI is placed at 16900 and then towards 17000 strikes.

“It closed on a negative note though well off the intraday lows indicating buying interest at lower levels. On the hourly charts, we can observe that the momentum indicator has triggered a positive crossover which is a buy signal. Thus, we expect the Nifty to continue with the positive momentum which has started during the second half of Monday’s trading session for the next trading session as well,” Gedia said.

The key technical indicators are in favour of the bulls in the short-term as well as on the medium-term timeframe charts. As per the current setup, we believe the stock may keep exploring uncharted territory.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on ITC and SBI while Nooresh Merani has a buy/sell recommendation on Infosys and L&T for today's trading session. Check out the targets and stoploss.

“The green-field capital expenditure at Kakinada would not only cater to the company's growth requirements from FY25 onwards, but also, would reduce the concentration of DIVI business at Hyderabad/Vizag,” the report further said.

Despite strong effort by the markets to move upwards in the afternoon session, after opening in the negative, the Nifty on Monday ended the day with a net loss. Technically speaking, the support zones are strongly defending against the declines.

Nifty futures on the Singapore Exchange traded 50 points higher at 17,076, signalling a positive start for Dalal Street. Here are some stocks which are expected to see some action in trade today.

"Fabindia is working with ICICI Securities and JPMorgan to raise funds from new investors as the company's IPO plans have been pushed back due to the volatility in stock markets. This will largely be a secondary sale of shares by existing investors of the company. Capital raised by the company will be used for repaying certain debt and for working capital needs," said one of the people cited above.

Regional bank First Republic Bank fell 47.1% following a downgrade by S&P Global and a report of more fundraising that fueled fears about the bank's liquidity despite a $30 billion rescue last week. Trading in shares of the bank was halted several times due to volatility.

Investment grade credit spreads, which indicate the premium investors demand to hold highly rated corporate bonds over safer U.S. Treasuries - rose to 164 basis points last week, the highest since October, according to the ICE BofA US Corporate Index

In foreign exchange markets the U.S. dollar steadied after slipping overnight. It last bought 131.90 yen and held at $1.0718 per euro. Bond markets whipsawed overnight as traders seek to figure out what the bank stress means for rates policy.

The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.

Adani Group said that its engagement with financial institutions over a petrochemical project at Mundra in Gujarat was still ongoing. The group said it is trying to secure financial closure for its project and the operations at the site will start after the closure.

"Our conversations with investors highlight that the lack of catalysts on the stock is an increasing headwind for performance, especially as it remains a large FII stock, and which is a negative in the ongoing FII sell-off in India," said JP Morgan's analysts Pinakin Parekh and Sarfraz Bhimani in a client note last week. The brokerage, which has an overweight rating on Reliance, cut its price target to ₹2,960 from ₹3,015.

With the recent announcement of leadership change, the country's fifth-largest software exporter is expected to focus on improving profitability and return ratios driven by account expansions and large deals. While this may support the stock's performance in the long term, it may continue to face pressure in the near term.

"The market is now awaiting the outcome of the Fed meeting to see how they will respond to the ongoing crisis, particularly in terms of rate hikes. Investors expect the central bank to raise interest rates by 0–25 basis points," said Vinod Nair, Head of Research at Geojit Financial Services.

Technical setup suggests that the momentum is not over yet. The momentum helped the stock hit a 52-week high of Rs 106 on March 17, 2023, and any dips towards 100 can be used as a buying opportunity, suggested experts.

At 12:05 p.m. ET, the Dow Jones Industrial Average was up 295.83 points, or 0.93%, at 32,157.81, the S&P 500 was up 23.21 points, or 0.59%, at 3,939.85. All the S&P sector indexes, barring information technology, were in the green, with energy leading the pack, up 1.9%.

The company has fixed March 31 as the record date to determine the eligibility of shareholders for the said dividend payment.

According to the block deal data available with the BSE, Berry Creek Investment sold a total of 24,39,301 shares in three tranches, amounting to 2.49 per cent stake in the firm.

Taking to Twitter, Kamath, who is known for his educational tweets on stock markets and other related issues, said the returns on G-Secs are higher than fixed deposits in banks.

Shares of First Republic Bank extended a recent slump on Monday with a 15% drop, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week. S&P Global downgraded the bank deeper into junk status on Sunday and said the recent cash infusion from 11 large U.S. banks may not solve its liquidity problems

Using data from ETMarkets Stock Screener, we have shortlisted 10 attractive blue chip stocks that offer stable earnings, less volatility & consistent returns. These are well-established companies in their respective industries. This screener evaluates such companies which are available at a decent valuation either on a historic basis or in comparison to their industry.You can check our Stock Screener here: https://economictimes.indiatimes.com/markets/stocks/stock-screener/ATTRACTIVE_BLUECHIPS

GQG Partners has sold about 24.7 lakh shares or 1.16% equity in the company for nearly Rs 397 crore. The deal was executed at an average weighted price of rs 1,600.85 per equity share, according to bulk deal data.

U.S.-listed shares of Credit Suisse plummeted 48.5% to hit a fresh record low, while UBS reversed premarket declines to rise 7.8%. At 9:43 a.m. ET, the Dow Jones Industrial Average was up 221.37 points, or 0.69%, at 32,083.35, the S&P 500 was up 11.27 points, or 0.29%, at 3,927.91.

The failure of two US banks has no material effect on the earnings outlook of Indian publicly traded companies, the report stressed, while observing that the SVB saga will have a positive impact on the Indian stock markets.

The company on March 11 announced that Mohit Joshi will be appointed as the MD and CEO with effect from December 20 after the retirement of the current MD and CEO CP Gurnani

PVR is majority owned by the public with 72.5% stake, while promoters own 27.46%. The multiplex chain is one among the companies with highest foreign shareholding at 30%. Mutual funds, meanwhile, have about 20.73% stake in the company.

Morgan Stanley’s view comes in the wake of the overnight collapse of Silicon Valley Bank and its ripple effects on the entire banking system, followed by the crisis at Credit Suisse and its takeover by UBS.

Once a strong name in the global financial system, now barely hanging there. Credit Suisse Group is all set to be bought by UBS after the former lost its 167-year-old history due to scandals, bad strategy and mistrust. So what exactly happened to Credit Suisse? Why is UBS, a rival, taking over the bank, and why will this deal wipe off 17.3 billion dollars in Credit Suisse bonds from the market? Neha Vashishth from ET Market explains.

Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week?

The S&P 500 was 0.4% higher in early trading. Much of the attention was still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades.

The Dow Jones Industrial Average rose 10.35 points, or 0.03%. The S&P 500 opened higher by 0.83 points

The conglomerate, hit by allegations around corporate misgovernance, said it has decided to put on hold the major equipment procurement and site construction activities for the project as the financial closure is pending with various institutions.

Sell-off in financials, IT and capital goods shares amid a global rout in equities on lingering worries over the banking crisis dragged benchmark Sensex down by 360 points while the Nifty closed below the 17,000-level on Monday. Snapping its two-day gaining streak, the index tanked more than 900 points to touch a low of 57,084.91 before recovering some losses at the fag end.Nifty ended lower below 17,000 level. While broader markets underperformed the headline indices, the fear gauge India VIX climbed over 8% today.“Nifty has not yet closed below its weekly trend channel and is constantly forming candles with long bottom wicks suggesting exhaustion in selling and a technical pullback possibility. The highest Call writers for this week's expiry is at the 17,200 level and the highest Put writers are seen at the 16,900 mark, which should be the range for tomorrow as well,” said Rahul Ghose, Founder & CEO – Hedged.Here are stock recommendations for Tuesday:

Now, it has to cross and hold above 17,071 zones to witness a bounce towards 17,171 and 17,250 zones, while on the downside supports are seen at 16,850 and 16,800 levels, said Chandan Taparia of Motilal Oswal.

On the other hand, since the release of the Hindenburg report on January 25 Adani Group stocks have lost around 52% of their combined market value. In less than two months, Adani stocks have lost around Rs 10 lakh crore of its market value.

Investors with large equity or mutual fund portfolios can pay low or no tax or set-off their losses by tax harvesting or tax-loss harvesting.

Dragged by banking, financial and IT stocks, the 30-share BSE benchmark Sensex declined 361 points or 0.62% to settle at 57.629. Sector-wise, Nifty Metal fell 2.35% and Nifty IT declined 1.43%.

Closing Bell: Sensex recovers 554 points from day's low, ends 361 points down; Nifty below 17K; HUL up 2%, Bajaj Finserv sheds 4%

Reliance Industries Limited's (RIL) share has witnessed a significant decline over the past two weeks. Since March 8, RIL stock has lost almost 10 per cent. On Monday, as the overall market underperformed amid the ongoing saga over the UBS-Credit Suisse acquisition, RIL shares were trading significantly lower at Rs 2193 apiece near the April 2020 lows.

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date.

Gold glitters as COMEX Gold tops USD 2,000 for the first time in a year. What are the main factors driving this rise? Sharad Dubey of ET NOW explains the reasons, the domestic gold prices and the scenario ahead of the Fed's meet.

"Its fate is therefore not only decisive for Switzerland, for our companies, for private clients, for its own employees, but also for the stability of the entire financial system," Swiss President Alain Berset said in unveiling the deal.

In 2019, SEBI passed a series of orders against the NSE and its former chief executives, Chitra Ramkrishna and Ravi Narain, alleging that the exchange did not exercise due diligence while setting a network that allowed high-frequency traders unfair access to some network servers at the exchange.

Investors were also spooked by news that Credit Suisse additional tier-1 bonds - or AT1 bonds - with a notional value of $17 billion will be valued at zero, angering some of the holders of the debt who thought they would be better protected than shareholders.

Shares in Credit Suisse fell over 63% while UBS Group shares were down 12.9%. An index of bank stocks was down 5.8% at 0821 GMT. Deutsche Bank dropped 10.9% and Commerzbank was last down 8.5%. French banks BNP Paribas and Societe Generale saw declines of around 8.2% and 7.5%, respectively.