Given the several unknowns prevailing for the sector at present, the management of IT companies will face tough questions from Dalal Street when they release earnings for the March quarter next month.

Meanwhile, amid concern over US markets, pharma stocks were also under pressure. Shares of Gland Pharma, Lupin and Granules India declined 2-2.5% in Monday's trade. Aurobindo Pharma, Pfizer, Zydus Lifesciences, GlaxoSmithKline Pharmaceuticals, and Sanofi India were also trading with cuts.

Meanwhile, the brokerage firm in its large-cap model portfolio increased weight on Axis Bank (70bps to 7.5%), SBI (30 bps to 6.5%), Power Grid (40 bps to 2.5%), and RIL (100 bps to 9.8%), while it removed Hindalco (140 bps from the portfolio) and reduced weight on L&T by 100 bps to 400 bps.

Even as Swiss regulators averted a financial crisis by negotiating a $3.25 billion buyout of troubled Credit Suisse by rival UBS, investors are worried about the domino effect in the global banking system.

According to disclosures made to stock exchanges, Kedia acquired 16,83,502 shares of the company on March 15. Before the acquisition, he held a 1.5% stake and now his total shareholding in the auto company has gone up to 8.43%.

The stock has been forming higher highs in the past 4 weeks, and the supports are also gradually shifting higher which is a positive sign for the bulls.Short-term traders can look to buy the stock now or on dips for a possible target towards Rs 255 in the next 3-4 weeks, suggest experts.

Macro environment in which auto ancillaries companies operate have turned favourable after a long period of time. Sometimes it is LCV and HCV which drives the demand, at other point time, better four and two wheeler numbers are pushing the demand up for auto ancillary companies, some of which are changing their business model to stay relevant in times of EV. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Wall Street closed lower on Friday, with three main indexes ended the session deep in negative territory, with financial stocks down the most among the major sectors of the S&P 500.

BTC volume in the last 24 hours stood at approximately $41.76 billion, rising 29.55%. The market cap of Bitcoin was around $531.77 billion. Its dominance is currently 45.90%, an increase of 0.48% over the day, according to CoinMarketCap.

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.

Even as Swiss regulators averted a financial crisis by negotiating a $3.25 billion buyout of troubled Credit Suisse by rival UBS, investors are worried about the domino effect in the global banking system.

The US Federal Reserve hiked rates by an unprecedented 450 basis points since March 2022. Despite this, inflation is far from its target range and head Jerome Powell is committed to taking larger quantum of rate hikes if data suggests that additional measures are required to tame inflation.

"Even as the global turmoil continues in financial markets, the macro factors are turning better for India. Current account deficit looks below 2.5% Fy 23, and going below 2% in Fy 24. Lower oil helps. If we walk our talk and navigate well, India can stand out in this turbulence," Kotak had Tweeted on Thursday.

Cochin Shipyard was incorporated in the year 1972 as a fully owned Government of India company. In the last three decades, the company has emerged as a forerunner in the Indian Shipbuilding & Ship repair industry.

A record drop in Asian banks’ Additional Tier 1 bonds and a tumble in HSBC Holdings Plc shares on concern of its exposure to Credit Suisse saw Treasury two-year notes erase losses and European stock futures swing to a decline.

From the Sensex pack, Infosys, TCS and IndusInd Bank were top losers, falling over 1.5%. Tata Steel, SBI, HDFC Bank, M&M and Maruti also opened with losses. On the flip side, only Titan and HUL opened with gains.

The event was packed with opportunities for the visitors to network within the community, to learn about options trading, explore investment and trading prospects in the market, and upskill their trading knowledge with effective trading strategies shared by more than 25 well-renowned industry experts from India and overseas.

The stock traded off recently, making short-term valuations much more compelling. The stock has corrected by over 28% on a year-to-date basis compared to the 2.8% fall seen in the S&P BSE Sensex.

After hitting a record high on December 1 last year, Sensex and Nifty have been on a losing streak. The sell-off which started with concerns over valuations and FII outflows amid rate hikes and China re-opening, got extended due to a crisis in Adani stocks and banking turmoil in the US.

The movement in crude oil prices also has a bearing on the upstream companies line Reliance Industries Limited, Oil & Natural Gas Corporation Limited. Gupta said that a rising price trend is beneficial for these companies and they gain from unsold inventory as margins go up.

“We expect the Nifty to consolidate between these two parameters from the next few trading sessions. we believe that the pullback rally has some more steam left and the nifty is likely to carry on this positive momentum next week as well,” the Sharekhan analyst said.

Sensex slips over 350 pts, Nifty below 17,000; TCS drops 3%, Infy 2%; Yes Bank, Biocon, RVNL are some of the top gainers in morning trade.

“The Nifty ended the session with gains of around 115 points by forming a Doji candle with long lower shadow on daily scale and negated the formation of lower lows of last seven trading sessions,” he said.

S&P cut First Republic's credit rating three notches to "B-plus" from "BB-plus," and warned that another downgrade is possible. Other ratings were also lowered.

FINMA, the Swiss regulator, said the decision would bolster the bank's capital. The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles.

Volatility in the market is expected to remain in the near term as Dalal Street will eagerly await the US Federal Reserve’s monetary policy decision in the aftermath of the collapse of 3 major banks in the country.

The change announced Sunday is a modest expansion of an existing program in which the Fed each week pays dollars to other major central banks in exchange for local currency. By doing so, the Fed, in effect offers low-risk short-term loans that ensure the world's major economies have adequate supply of the global reserve currency to meet local demands.

From the Sensex pack, Infosys, TCS and IndusInd Bank were top losers, falling over 1.5%. Tata Steel, SBI, HDFC Bank, M&M and Maruti also opened with losses. On the flip side, only Titan and HUL opened with gains.

UBS to buy Credit Suisse for $3.2 billion. Will it stem the contagion effect that the Street was worried about? Steve Brice of Standard Chartered Bank shares his thoughts on the deal, expectations from Fed and recommendation for investors.

The markets on the last day of the week had a see-saw day. The Nifty opened high and then went into the negative zone in the afternoon, only to close with a net gain. Stock-specific performances are likely to outshine the broader markets in the next few days.

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 MRS Bectors Food and Tech Mahindra while Nooresh Merani has a buy/sell recommendation on HDFC Bank and L&T for today's trading session. Check out the targets and stoploss.

For the past three months, the stock of this company has been moving in a narrow range near its peak, wherein it is forming lower highs and higher lows. Such a formation is followed by a breakout and swift movement in price. Over the past few days, the price is rising within the range with a rise in volume, which supports our bullish view.

Momentum indicators RSI and MFI are in a medium range at 41.6 and 34, Trendlyne data further revealed. A number below 30 indicates that the stock is trading in the oversold zone while above 70 suggests it is in the overbought territory.

Asian stocks steadied and U.S futures rose on Monday in relief at a weekend rescue deal for Credit Suisse and a concerted effort from central banks to shore up the mood, though trade was tense and volatile as contagion fears stalked financial shares. Here are some stocks which are expected to see some action in trade today.

In the past week, the debate in financial markets has been whether the Fed would give precedence to the mess in the US banking industry or continued inflationary pressures while deciding on interest rates in the policy meeting ending March 22. The outcome of the Fed meeting--considered one of the most crucial in recent times-- will set the tone for the markets in the near term.

The Asia day offered an encouraging start, with Japanese yen cross-currency swaps, a measure of non-U.S. investor demand for dollars, shrinking to minus 35 basis points or half their levels last week, in another sign of respite in market funding conditions.

There have been over 25 large block deals in the past six months in which foreign funds, including Blackstone, Apax Partners, SoftBank, Tiger Global, Bain Capital and General Atlantic, among others, have sold shares worth nearly ₹35,000 crore. Secondary market deals have largely revived from sustained and continued domestic flows.

On weekly chart, the index has formed a bearish candle with a lower shadow indicating support at lower levels. The Nifty has formed a Doji candlestick pattern on daily chart for two consecutive sessions, indicating indecisiveness amongst market participants.

"Metal stocks could see some momentum after China’s central bank cuts CRR by 25bps in an effort to stimulate its economy. Realty stocks are seeing buying interest post DLF announcement of record sales growth. With oil hovering at 15-month low, cement, paints and OMCs would also be in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as it seeks to tap strong demand for residential properties.

Following news of the Swiss deal, the world’s central banks announced coordinated financial moves to stabilize banks in the coming week. This includes daily access to a lending facility for banks looking to borrow U.S. dollars if they need them, a practice which widely used during the 2008 financial crisis. Three months after Lehman Brothers collapsed in September of 2008, such swap lines had been tapped for $580 billion. Added swap lines were also rolled out during market turmoil in the early stages of the COVID-19 pandemic in March of 2020.

As the benchmark index corrected nearly 5% since the beginning of the year, the Nifty's PE dropped to 17.3 times one-year forward earnings - in line with the 10-year average. This is the second time since the Covid-19 lows of March 2020 that the Nifty 50 index dropped to levels of long-term averages.

Shares of UltraTech Cement hit a 52-week high at Rs 7489 on February 20, 2023 but it failed to hold on to the momentum. The stock made a base around Rs 7000 levels before bouncing back.

"UltraTech Cement stock has been comfortably placed from the last three months despite market volatility and is now providing a good risk0to-reward ratio for short-term traders," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

"The surveillance actions on eligible stocks are applicable as per transparent rules. These rules are non-discretionary, pre-announced and automatically applicable," NSE said in a statement.

Interest rates in the US may not come down by the third or fourth quarter, but the markets may start expecting rate cuts in the early next year. Also please look at it, if there are so many issues with the banks and people losing their jobs, it must be also a little bit disinflationary. It has to overall cast a little bit of a gloom on the US job scene," he said

As fears concerning the global banking crisis eased, Indian indices mirroring world markets ended Friday’s session on a positive note. Nifty at the close ended at 17,100 levels, up 0.7%, while Sensex added 355 points or 0.6%. Meanwhile, Bank Nifty ended 1% higher“A Doji pattern followed by a recovery candle on the daily chart indicates the possibility of a bullish reversal. On the higher end, immediate resistance is placed at 17250, where the bears might try to return to the market. However, if bulls take Nifty above 17250, the index may move towards 17500–17600. On the lower end, support remains intact at 16950,” Rupak De, Senior Technical Analyst at LKP Securities, saidHere are stock recommendations for Monday:

Interest rates in the US may not come down by the third or fourth quarter, but the markets may start expecting rate cuts in the early next year. Also please look at it, if there are so many issues with the banks and people losing their jobs, it must be also a little bit disinflationary. It has to overall cast a little bit of a gloom on the US job scene," he said

Foreign portfolios have been consistent sellers this year with outflows of Rs 5,294 crore in February and Rs 28,852 crore in January. Since the start of 2023, FPIs have sold equities to the tune of Rs 22,651 crore.This has reflected in the performance of benchmark Nifty, with March being the fourth consecutive month of negative returns. The index is down 6% so far on a year-to-date basis

For domestic investors looking to get exposure to overseas stocks, especially the tech favorites in the US, investing in international funds or funds that have foreign stocks in their portfolio is a great way to do so. Here are top five overseas stocks held by Indian mutual funds in February that have given double-digit returns in 2023. (Source: Fisdom Research)