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)

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

Due to recent weakness, another round of aggressive Call writing is visible across the strikes and strikes ranging from 17000 to 17200 all holding significant Call open interest of more than 80 lakh shares each. Despite the highest Put base at ATM 17000 strike, we believe closure among Call strikes is crucial for sustainable recovery

Trading APIs come in handy here as they remove the emotions out of trading thus removing the emotional bias.Other popular trading setups would be ones which seek arbitrage opportunities - basically profiteering from price difference of a stock or instrument listed in two different markets

Your investment time horizon is the duration for which you plan to hold your investment. Depending on your financial goals, you may have a short, medium, or long-term investment horizon. It's important to judge the investment's liquidity and ensure that it aligns with your time horizon.

The last month itself had two swings in the Global Debt Market – firstly the Fed suggesting possibility of even higher rate rises due to inflation numbers of January coming in higher at 5.4% as against 5% and strong labour market data of unemployment levels down to 3.4%.

Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment. though finding the right ratio is itself a challenge.

Both TCS and IndusInd bank were under pressure due to issues related to the management. In the case of IndusInd Bank, the Reserve Bank of India (RBI) gave approval for re-appointment of its MD and CEO Sumant Kathpalia only for two years as against three years proposed by the Bank.

These large cap companies have been able to beat all the negative news flow and volatile moves of the nifty in the last one year. Their SR plus scores are also in positive range. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

After witnessing consistent downgrades in earnings over the last 3-4 years due to incessant headwinds, 3QFY23 was the first quarter of big upgrades.

The government spending on infrastructure projects has remained at elevated levels for many years, this had a trickle down effect on many parts of the economy and specially companies which are ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

According to the data with the depositories, Foreign Portfolio Investors (FPIs) invested Rs 11,495 crore in Indian equities till March 17.

The two-day Federal Open Market Committee Meeting (FOMC) of the Federal Reserve will begin on 21 March 2023, Tuesday. The street will be keeping a close eye on the event following a spate of banking crises that surfaced over the past one week.

"The Swiss National Bank's decision to provide Credit Suisse with significant and inexpensive liquidity fell short of stabilising sentiment in both the equity and credit markets," Goldman Sachs analyst Lotfi Karoui wrote in a note to clients dated March 17.

The largest Swiss bank is exploring an acquisition of all or parts of its smaller rival at the urging of regulators to halt a crisis of confidence, Bloomberg reported earlier.

So still the trend is weak and sell-on-rise is the strategy. 17300 is the stop-loss for Nifty. For Bank Nifty 40000 is the key level on the higher side if any pullback comes in the coming trading sessions.

With weakening EM currencies, the Rupee is also bound to weaken. For now, the central banks across have become the currency manager and have insulated their currencies against the heat of the external environment by using the FX reserves and so did the RBI actively.

"BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so," the spokesperson told Reuters.

Overall, about $164 billion was taken from the Fed discount window and the emergency window; if you compare it to 2008 the maximum was at about $111 billion so we have already crossed that. And apart from that the FDIC has pumped in about $150 billion into the bridge banks, into the three banks that it has taken over.