Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at least 40%. For the ₹212-crore debt to Hotel Horizon, the reserve price was set at ₹165 crore, seeking at least 77% recovery.

Short-term investors can consider buying the stock for a possible target of Rs 3,500 in 2-3 months, suggested experts. Bulls are trying to push the stock higher even as the larger trend remains mixed amid weak global cues.

ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 28% and 53% as per analysts’ price targets.

Fresh trouble at Swiss multinational bank Credit Suisse made things worse and resulted in a selloff in financials, especially public sector banks, dragging the Sensex below 58,000 and the Nifty briefly below 17,000.

The sale of JBF Petrochemicals will equate to a 41% recovery for financial creditors. The resolution professional, Sundaresh Bhat, backed by BDO India, admitted Rs 5628 financial and operational creditors claims.

At 11:46 a.m. ET, the Dow Jones Industrial Average was up 422.41 points, or 1.33%, at 32,241.55, the S&P 500 was up 75.20 points, or 1.95%, at 3,930.96, and the Nasdaq Composite was up 263.75 points, or 2.36%, at 11,452.59. Data showed U.S. Consumer Price Index (CPI) rose 0.4% in February from 0.5% in January as Americans faced persistently higher costs for rents and food

Although the year witnessed a mix of domestic and cross-border deals across various sectors, indicating the diversity and depth of India's investment landscape, the overall activity deteriorated. The year also witnessed the continued funding winter in terms of both PE deal volumes and values

The Reserve Bank of Australia, meanwhile, is already done hiking, according to pricing, after traders erased bets for two additional increases. Even in Europe, which kicked off its tightening cycle much later than peers, traders have wiped off around 80 basis points from terminal-rate wagers, and another half-point hike on Thursday — all but certain last week — is no longer guaranteed

"OFSS stock has formed a rounding bottom formation on monthly charts suggesting it can provide a cushion if Nifty witnesses some more correction," Gaurav Bissa, VP, InCred Equities, said.

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The Sensex dropped 338 points on Tuesday, ending at 57,900. However, despite the market decline, five stocks from the BSE smallcap index achieved new 52-week highs. The 52-week high is a technical indicator used by some traders and investors to analyze a stock's present value and predict its future price movements — representing the highest price at which a stock has traded over the last year.

3.73 lakh shares of Divgi TorqTransfer were sold through a block deal for about Rs 22 crore

Worries about contagion risks from the collapse of the two U.S. banks had compounded investor concerns about the impact on lenders of rising interest rates, hitting bank shares in Asia and Europe as investors re-examined their risks.

As per data, US Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. Traders held on to bets of a 25-basis-point rate hike at the Fed's next meeting in March, with odds of a pause in hikes slipping a bit to 17%

A class action lawsuit is being filed against the parent company of Silicon Valley Bank, its CEO and its CFO, alleging that the company did not disclose the risks that future interest rate increases would have on its business. The lawsuit is seeking unspecified damages to be awarded to those who invested in SVB between June 16, 2021 and March 10, 2023. The collapse of Silicon Valley Bank has shaken the technology industry and worried small businesses and individuals with deposits at the financial institution.

Here’s why Indian equities have outperformed emerging market and developed market peers over past 12 months

At the open, the Dow Jones Industrial Average rose 236.15 points, or 0.74%

Prices of fed funds futures reflected about a 90% chance of a quarter-percentage point rate hike this month with about a 10% chance seen of no change. The current target range is 4.5%-4.75%

​​Regional bank stocks bounced back sharply, recovering some of their plunges from a day earlier caused by worries that customers could yank out their cash in the wake of two bank failures. Treasury yields rose sharply, trimming some of their historic drops from Monday. The Dow Jones Industrial Average and the Nasdaq composite also rose.

Credit Suisse has identified "material weaknesses" in its internal controls over financial reporting, which has led to a reassessment of its financial position. The auditor, PwC, included an "adverse opinion" on the effectiveness of the bank's internal controls, but the statements "present fairly, in all material respects" the financial position of the bank in 2020 through 2022. The bank's shares fell more than 3% before paring losses to trade down 1.

DBS Bank's Ashhish Vaidya said that there is unlikely to be a major fallout from the collapse of Silicon Valley Bank in the foreign-exchange and fixed-income markets. The dollar index is not strengthening as the typical risk-off scenario, and the odds of a 50-bps hike by the Federal Reserve have jumped after their remarks on inflation last week. However, the rupee is trading at 82.49 on Tuesday and is marginally higher for 2023.

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Meanwhile, total active user clients on NSE fell 2.1% MoM to 3.36 crore. This was the 6th consecutive month of a sequential decline. The intensity of the fall was lower at 7 lakh accounts in February 2023 against 1 lakh in January 2023, Motilal said in its report.

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.

Nuvama Institutional Equities said the merged entity has created a "must-have consumption story" and that it will derive annual EBITDA synergy of Rs 225 crore over the next 12–24 months.

The negative crossover of momentum indicator suggests a sell signal. Option data suggests a broader trading range between 16,600 and 17,500 zones while an immediate trading range between 16,800 and 17,300 zones

Hudco is a public sector entity offering loans for housing and urban infrastructure projects in India. The company has a market capitalisation of about Rs 9,240 crore. The corporation is headquartered in Delhi and operates through a strong operational workforce placed over its nationwide network of regional and development offices.

Investors became poorer by Rs 2.01 lakh crore as market capitalisation of all listed companies on the BSE declined to Rs 256.55 lakh crore

Frontline indices Nifty50 and S&P BSE Sensex have fallen over 4% or by nearly 719 and 2,500 points, respectively, since the news of the SVB crisis first emerged in the US.

Closing Bell: Sensex takes losing run to 4th day, ends 338 pts lower; Nifty near 17K; Indian Bank tanks 8%, M&M 3%

As per the data available on the PRIME database, one mainline and four SME IPOs are going to open this week. Check details here

Banking regulators said that SVB depositors would have access to their funds, putting rest to fears that startups would struggle to pay their employees this week

Nomura expects JLR’s margins to improve to 14.1% in FY24 from the estimated 10.3% in FY23. Thus, its consolidated net debt is expected to fall to Rs 23,000 crore by FY25

Tablesh Pandey is currently the Executive Director of LIC. LIC had appointed Siddhartha Mohanty as the interim Chairman for three months with effect from March 14

"A meeting of the board of directors of the company will be held on Wednesday and Thursday, April 12 and 13, 2023, inter alia to approve and take on record the audited consolidated financial results of the company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter and year ending March 31, 2023," the company said in a BSE filing.

In the last three years, white goods companies have been hit by headwinds, including covid lockdown and supply chain disruptions. However, a few tailwinds might be emerging for the sector.

Second thing, in case of SVB, deposit outflows moved very-very quickly. SVB was a geographically concentrated bank in Silicon Valley, having a very high concentration of bulk deposits. About 97.3% of their deposits were above 250,000, which is FDIC insurance limit. So it is a geographically concentrated and sector concentrated bank. Their clients were mainly startups.

In the last three years, white goods companies have been hit by headwinds, including covid lockdown and supply chain disruptions. However, a few tailwinds might be emerging for the sector.

Divgi TorqTransfer has recorded a net profit of Rs 26 crore as of September 2022, while total income stood at Rs 137 crore in the same period. Between FY20 and FY22, the company’s profit after tax increased at a CAGR of 28.30%.

Mahindra CIE is an automotive components supplier, specialised in supplying components and subassemblies for the automotive market. The company manufactures automotive components including engine and steering components as well as various other forged metal products.

Kotak Institutional Equities, on the other hand, sees limited space for the RBI to ignore the above 6% inflation prints and continue to expect the repo rate to be hiked by a 25 bps hike in the April meeting.

After a massive crash in stock prices following the release of the Hindenburg report in late January, Adani stocks were seen rallying in the last few days after the conglomerate's promoters sold stakes worth Rs 15,446 crore in 4 companies to GQG Partners.

Sona BLW Precision Forgings is an automotive systems and components manufacturer, offering differential assemblies, gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors, and motor control units.

Whether it is due to rising interest rates or any other narrative, global equity markets have been volatile due to one or the other reason. In such times, a few stocks from the mid-cap category, have been able to keep their head above water, as they have been able to rise marginally in a market where the majority of stocks have been coming under pressure. 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 market.

"We expect M&M to benefit from its leadership status in the tractor segment, strengthening position in the LCV segment, and regaining its market share in the highly competitive SUV segment," Abhishek Gaoshinde, Deputy Vice President Research at Sharekhan by BNP Paribas, said.

Equity mutual funds, which attracted inflows of Rs 15,685 crore in February, bought shares of Interglobe Aviation or IndiGo, PSU stock GAIL, realty player Macrotech Developers, Tata Motors, Tech Mahindra, HDFC AMC, PVR, Indiabulls Housing Finance and Nazara Technologies.

The markets on Monday saw themselves move further into the doldrums, with the headline index Nifty ending the day with a loss of almost 1.5 percent. The dollar index saw a decline, but the commodities and metals stocks could not profit from it.

The price of this company was moving inside a rising channel since September 22 and has now breached its lower trendline support. The price has also breached the support of a horizontal trendline and has closed below it. The volume has risen while the price was sliding lower, which suggests that the volume is favouring the downside.

From the Sensex pack, Infosys, L&T, ITC, Titan, and Tata Steel opened with gains, rising about 0.5%. UltraTech Cement, TCS, Reliance and Nestle also opened with gains. On the other hand, M&M, Maruti, Bajaj Finance, Kotak Bank and Asian Paints opened with cuts.

Sensex flat, Nifty below 17,150; Adani stocks down up to 5%, M&M 2%; Bharti Airtel, Cipla, Titan are some of the top gainers in morning trade.