For Solanki, the digital theme could stand out for investors over a long period as the government has significant emphasis on 'Digital India' story. He said some of the popular funds in this space are Tata India Digital Fund and ICICI Prudential Nifty IT Index Fund.

Fear gauge index India VIX jumped 15% as all sectoral indices were trading in the red today.

The rally also came as investors cheered more evidence of China's recovery, and after Beijing surprised by keeping the head of the central bank and finance minister in their posts at the annual session of parliament on Sunday

The group's presence in India is reportedly erstwhile. Stating that the group had an NBFC subsidiary in India known as SVB India Finance, Jefferies clarifies that it which was sold to Temasek and United Overseas Bank (SG) in 2015.

Fear gauge index India VIX jumped 15% as all sectoral indices were trading in the red today.

According to the media reports, American private equity firm Blackstone was looking to sell its complete stake in the company through a block deal on Monday

Stating that an underrated skill set for running a business is being pessimistic, he said one should consider everything a risk and do everything they can to mitigate it. "Every business will be exposed to a black swan event at some point; the idea is to survive those," Kamath said

U.S. interest rate futures surged and a hard-running rally in short-term bonds extended, putting two-year Treasuries on course for their best three-day gain since Black Monday in 1987.Bank stress and the resultant shakeout of loan books mean higher borrowing costs, said Akira Takei, fixed income portfolio manager at Asset Management One in Tokyo, with the resulting pressure in the real economy making further hikes difficult

"This acquisition makes excellent strategic sense for our business in the UK," HSBC CEO Noel Quinn said in a statement.

Global brokerage Macquarie also echoed the view saying that amid all the gloom and doom in global banks, Indian lenders are distinguished with hardly any exposure directly or indirectly to SVB.

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. 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.

The Indian sugar sector has gone through a transformation. From being just a provider of an essential commodity, to being the largest provider of ethanol. Some companies have shifted their focus and have gone through restructuring to focus on ethanol only. As the underlying macro changes sugar companies are making a comeback on the analyst list.

"This acquisition makes excellent strategic sense for our business in the UK," HSBC CEO Noel Quinn said in a statement.

Global brokerage Macquarie also echoed the view saying that amid all the gloom and doom in global banks, Indian lenders are distinguished with hardly any exposure directly or indirectly to SVB.

He said that his feeling was that while the Fed will be showing the stick by raising interest rates and tightening liquidity, hoping that this will curb the demand, it will continue to provide liquidity, hoping that SVB kind of accidents does not occur.

The brokerage firm Kotak Institutional Equities on the tenure of Kathpalia said, "the RBI has given shorter-than-requested tenors to other banks in the past, and we have not been able to identify any specific reasons to explain this decision from the regulator. A tenor lower than requested is always a point of debate with investors, and it would continue to be so with IIB in the next two years as well."

The bank had $209 billion in assets and about $175.4 billion in deposits as of December 2022. The main office and all branches of it will reopen on March 13, and all insured depositors will have full access to their insured deposits no later than Monday morning, according to a statement from the FDIC.

The stock faced stiff resistance twice above Rs 900 levels in the past 2 weeks which suggests that there is strong selling pressure around these levels. Hence, any bounce back towards Rs 900 can be used as a selling opportunity, suggest experts.

So far in 2023, Nifty has fallen over 4% amid weak global cues. Also, the collapse of Silicon Valley Bank put a slight negative sentiment on the markets. However, a host of analysts shared their tech views on particular stocks for the near term. These stocks belong to various sectors such as energy, household appliances and consumer durables. Here is a list of 6 tech picks from various analysts:

Joshi joined Infosys in 2000 and has since worked in different capacities for the firm. In his previous role, he was responsible for leading the financial services business in Europe. In 2007, he was appointed as CEO of Infosys Mexico and was instrumental in setting up the first subsidiary in Latin America.

Despite the sharp correction that stocks have seen recently, most of them are trading way above industry average price-to-earnings multiples. Given the risks to earnings growth, stocks are likely to remain out of favour, feel analysts.

The price of this company has tested the bottom range of Rs 186-Rs 180 on several occasions in the recent past. After forming a double bottom at Rs 180, the prices had formed a higher low and have now given a multi-month trendline breakout. The breakout in price is accompanied by a rise in volume, which increases the reliability of the breakout.

Yes Bank's fall was despite the overall markets doing well around this time. Frontline index Nifty50 was trading at 17,498.40, up by Rs 85.50 or 0.49% from the Friday closing. Meanwhile, the 30-stock S&P BSE Sensex was trading 366.49 points or 0.62% up at 59,501.62.

Citi maintained a Neutral rating on Tech Mahindra with a target price of Rs 1,120. The brokerage firm said that it expects a favourable stock price reaction with the appointment of Mohit Joshi.

Godfrey Phillips shares have outperformed the bench marks on a consistent basis. According to data sourced from StockEdge, the returns given by this counter over the last 2, 5 and 10 years are 112%, 138% and 220% respectively with an exception of the last three months where they have been nearly negative 2%.

Adani stocks have been on a winning spree since last week as positive headlines dominated conversations around the Ahmedabad-based airport-to-apples conglomerate which has been under tremendous scrutiny since the release of a scathing report by Hindenburg Research.

Silicon Valley Bank shut down by California regulator; appoints FDIC as a receiver. Fed to review discount rates to be charged! ET NOW's Managing Editor nikunj Dalmia decodes the India impact.

From the Sensex pack, Tech Mahindra was the top gainer, rising nearly 9%. HCL Tech, TCS, Tata Steel, Wipro, ICICI Bank and Reliance also opened higher. On the other hand, IndusInd Bank, Titan, Nestle and NTPC opened lower.

Despite the sharp fall, the daily momentum indicator still has a positive crossover, suggesting that this dip should be bought into. Until Nifty breaches, this range decisively on either side the range bound action is likely to continue, and we might see sector rotation and stock specific action,"

ndian shares edged up on Monday, helped by gains in heavyweight information technology shares led by a rally in Tech Mahindra after the company named a new chief executive, while investors awaited inflation data due later in the day. The Nifty 50 index rose 0.6% to 17,519.05, while the S&P BSE Sensex gained 0.6% to 59,474.30, as of 09:25 a.m. IST.

Over the last five financial years, the cap on sugar exports has varied. In 2018-19, 2019-20, 2020-21 and 2021-22, sugar companies were allowed to export 3.8 million tonnes, 5.9 million tonnes, 7 million tonnes and 11 million tonnes, respectively.

It was a wild ride for markets last week. Expectations for Fed rate increases surged in the wake of hawkish comments by Chair Jerome Powell, only to be reversed as fears around the banking sector and a mixed report on jobs helped fuel a rally in Treasuries. By week’s end, the market was back to pricing a quarter-point Fed hike as the most likely outcome, having at one stage come around to the idea of a half point.

SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise.

The counter is in a downward trend, but it is trying to bottom out from the lower levels at around Rs. 130. The overall figure of the counter is distorted, as all the important moving averages are above the trading price.

“One can buy one-third of the quantity when Yes Bank gives a strong bullish candlestick closing above the Rs 18.6 level. Second, buy another 50% quantity when you see the stock walking the Bollinger bands with consecutive green candles on the weekly chart,” Ghose said.

The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,356, down 81.5 points or 0.47% from the previous close. Here are some stocks which are expected to see some action in trade today.

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 GAIL and CIPLA while Nooresh Merani has a buy/sell recommendation on Power Grid and IEX for today's trading session. Check out the targets and stoploss.

Godfrey Phillips shares have outperformed the bench marks on a consistent basis. According to data sourced from StockEdge, the returns given by this counter over the last 2, 5 and 10 years are 112%, 138% and 220% respectively with an exception of the last three months where they have been nearly negative 2%.

Fed policymakers next meet to set rates March 21-22. Early trading in Asia Monday suggested investors are betting the Fed will opt for a smaller rate hike as it balances concerns about financial strains with its campaign to bring down inflation.

Aramco's facilities have in the past suffered drone and missile attacks claimed by Yemen's Iran-backed Huthi rebels, most recently about a year ago, but a surprise deal announced on Friday between Riyadh and Tehran to restore diplomatic ties severed in 2016 could mitigate the risk in the months to come.

It was a wild ride for markets last week. Expectations for Fed rate increases surged in the wake of hawkish comments by Chair Jerome Powell, only to be reversed as fears around the banking sector and a mixed report on jobs helped fuel a rally in Treasuries. By week’s end, the market was back to pricing a quarter-point Fed hike as the most likely outcome, having at one stage come around to the idea of a half point.

SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise.

Worries were growing recently that interest rates are set to go higher than expected after the Fed Reserve said it could reaccelerate the size of its rate hikes. The Fed is focusing on wage growth in particular in its fight against inflation. It worries too-high gains could cause a vicious cycle that worsens inflation.

LIC said it has appointed Siddhartha Mohanty as interim Chairman with effect from March 14. The term of Mangalam Ramasubramanian Kumar as Chairperson of LIC of India will be completed on March 13

The fundraising, the largest through syndicated term loans by an Indian corporate house in at least five years, is set to close this month after months of negotiations, bankers said.

The 12-month cumulative rolling inflows in index-based mutual funds rose to ₹80,755 crore - the highest ever for passive as well as active funds, data from the Association of Mutual Fund of India (AMFI) show. The inflows have also been ₹8,585 crore more than that came to exchange-traded funds (ETF).

A ruling by the ministry of corporate affairs (MCA) has struck at the core of the modus operandi of several small companies to raise money using fintech platforms that connect businesses with investors. According to a March 1, 2023 order by the Registrar of Companies (RoC) of NCR, such fund mobilisation is a violation of private placement rules under the Companies Act.

The group was founded by entrepreneur Vineet Mittal in 2017. Avaada Group has built a portfolio of over 4 GW of renewable (solar and wind) energy under flagship Avaada Energy Pvt Ltd.

​​On September 16, 2022, Adani emerged as the most valuable industrial house, surpassing the Tatas after acquiring Ambuja Cements and ACC. However, on November 16, 2022, the Tata Group regained the top spot. While two of India’s biggest business houses, Tata and Reliance, have respectively lost 2% and 4% in market capitalisation since January 25, Adani lost over 51%.

According to people in the know, promoter entities of Adani Group companies had an overall exposure of close to ₹15,000 crore ($1.83 billion) in margin-linked loans. Additional pledges were created, following the decline in Adani Group companies' share prices due to the Hindenburg Research report.