The lenders cumulatively hold 36.12% stake in YES Bank. This does not take into consideration the stake of Bandhan Bank and Federal Bank as their holding has dropped below 1% and was therefore not visible in the shareholding pattern.

“Gold price has been under pressure for the past month due to a possible hawkish stance that is likely to be taken by Fed Chair Jerome Powell in the next Federal Open Market Committee Meeting (FOMC) scheduled later this month,” Gaglani said, adding that this has dented yellow metal's appeal.

The Relative Strength Index (RSI) RSI is at 71.6. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

“Silicon Valley Bank is just the tip of the iceberg,” said Christopher Whalen, chairman of Whalen Global Advisors, a financial consulting firm. “I’m not worried about the big guys but a lot of the small guys are going to take a terrible kicking,” he said. “Many of them will have to raise equity.”

The total market capitalisation of all BSE-listed stocks fell to Rs 261.24 lakh crore today as bears ruled the Street for the second consecutive day amid weak global cues.

On the weekly options front, the maximum Call OI is placed at 17,700 and then towards 18,000 strikes, while the maximum Put OI is placed at 17,600 and then towards 17,700 strikes.

The Futures Industry Association (FIA), a trade group that includes major Wall Street players as well as the OCC as members, invited OCC to participate in a call about 0DTE at a meeting on March 1, both the OCC and FIA confirmed. Members of the FIA include the major banks on Wall Street.

Nifty Bank was trading at 40,551.60 at 10:10 am and was down by 705.15 points or 1.71%. All 12 stocks in the index were in the red. While Punjab National Bank (PNB) was the top loser (-2.26%), heavyweights including HDFC Bank, ICICI Bank, and State Bank of India engineered the collapse not just in the Bank Nifty but also in the broader market Nifty50.

The total market capitalisation of all BSE-listed stocks fell to Rs 261.24 lakh crore today as bears ruled the Street for the second consecutive day amid weak global cues.

Jefferies upgraded Bharti Airtel to buy with a target price of Rs 900. Share gains among 4G users is driving ARPU for the telecom major. Intensifying focus on boosting ARPU and improving tariff outlook are all positives for the stock. An effective duopoly is in the works, and the risk-to-reward ratio is turning favourable.

A study of BSE500 stocks shows that there are at least 4 smallcap counters that are trading below half of their book value. In other words, their PB ratio has gone below 0.50x. Whenever the indicator slips below 1, the underlying is usually believed to be underpriced by the market.

The company’s price has made a failed attempt to surpass its previous peak of Rs 227 formed in the month of September 2022. The price band of Rs 227 – Rs 223 is acting as a supply zone, and the price has reversed from that zone on a couple of occasions in the recent past as well. Price has formed a bearish engulfing, which is a reversal pattern and supports our bearish view of price.

From the Sensex pack, ICICI Bank, Bajaj Finance, L&T and Bajaj Finserv were the top losers, falling over 1.5%. Tech Mahindra, HDFC bank, IndusInd Bank, Infosys and Axis Bank also opened with cuts. Meanwhile, only Tata Motors and Bharti Airtel opened with gains.

Sensex tanks over 700 pts, Nifty below 17,400; Adani Ent falls 5%, HDFC Bank 2%; Future Retail , RBL Bank, Sonata Software are some of the other top losers in the morning trade.

On Thursday, the markets struggled to remain positive with the headline index Nifty ending the day with an almost one percent loss. Stock-specific opportunities continue to hold good promises.

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 BHEL and Manappuram Finance while CA Rudramurthy has a buy/sell recommendation on NTPC and Bharti Airtel for today's trading session. Check out the targets and stoploss.

Lemon Tree Hotels has also been trading with lower volatility of 0.91 over the 12-month period, the data further suggested. Momentum indicators RSI and MFI are in a medium range of 57.4 and 61.1 which indicates that there is still an upside left in the stock. A number below 20 is considered at oversold while above 70 is seen as overbought.

Investors in SVB's stock fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology startups that the bank serves. The company's stock collapsed to its lowest level since 2016, and after the market closed shares slid another 26% in extended trade.

Aditya Birla Capital (AB Capital) looks set for a new leg of an up move, after the marginal retracement towards the neckline(breakout) area of the pattern," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The stock has rallied over 65% so far in this quarter. On the daily chart, the stock has been consistently forming higher high and higher low formation and it has also formed a long bullish candle on weekly charts which is largely positive.

But since long-dormant Japanese inflation has gathered pace, and following a surprise relaxation of a cap on 10-year yields in December, speculation of changes is rife and has dollar/yen volatility gauges spiking. The yen nudged a little higher to 135.86 prior to the BOJ policy announcement.

Kuroda has championed a raft of ultra-loose policies in his decade at the central bank's helm, despite recent pressure to join the Federal Reserve and other global peers, which have hiked interest rates to tackle inflation.

Nifty futures on the Singapore Exchange traded 140 points, or 0.79 per cent, lower at 17,478, signaling that Dalal Street was headed for negative start on Friday. Here are some stocks which are expected to see some action in trade today.

Traders were betting that chances of a 50-basis-point rate hike at the Fed's March meeting were around 60%, according to CME Group's FedWatch tool, up sharply from a probability of 31% before Powell's Tuesday and Wednesday appearances in Congress.

F&O data showed that on the call side, the highest OI was observed at 17700 followed by 17800 strike prices while on the put side, the highest OI was at 17500 strike price.

The board of REC has approved fundraising of up to Rs 1.2 lakh crore under different debt instruments for financial year 2023-24. The funds will be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions.

PhonePe has already raised nearly $450 million in primary capital from PE major General Atlantic, Tiger Global, Ribbit Capital, among others, in this current funding round at a valuation of $12 billion. Some of the existing shareholders in Flipkart like Bansal, Tiger Global, China’s Tencent, Qatar Investment Authority and Microsoft, were expected to buy a fresh stake in PhonePe, as the company put together a new ownership structure.

If a deal takes place, this will be the second-largest hospital buyout in India after the IHH-Fortis transaction of 2018.

It is extremely likely that the funds for the transaction, if it were to go ahead, would be drawn from India allocations of the private equity firms in the fray, and negotiations are being done by the India teams of the respective PE firms

While the overall retail APE for the industry rose 10.5% on a year-on-year basis, helped by private players expanding at 18%, LIC's retail APE declined by 3% over the same period. The low growth resulted from a likely pre-booking of high-ticket non-ULIP policies in February and March 2023 to avoid the impact of taxation change proposed in the FY24 union budget, according to an Emkay report.

The listed Asian Hotels (West), which operates Hotel Hyatt Regency near Mumbai airport, was admitted for corporate insolvency proceeding last September. K Raheja Group's entity Unique Estate Development submitted an EoI, while the other applicants include GVPR Engineers, Jindal Power, and two consortiums.

According to the bulk deal data available with the National Stock Exchange (NSE), Bessemer India Capital Holdings II sold a total of 68,11,313 shares, amounting to 7.75% stake in the company.

​​The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies’ price targets, these stocks could return between 11% and 44%.

The central banks in 2021 reviewed the foreign exchange system to rationalise and streamline it, but that may remain incomplete unless the Foreign Exchange Dealers Association of India also doing its part in reviewing its guidelines, RBI deputy governor Rajeshwar Rao said.

"The overall trend still remains in a bearish to sideways mode," said Rohan Patil, technical analyst at Samco Securities. "Support for Nifty is placed at around 17,400 -17,350 levels and resistance are capped at 17,800 levels."

Piramal has asked interested bidders to submit expressions of interest where the offer amount is a mark-up of at least 10% to the base offer of ₹2,550 crore. The bids can be made in all cash basis or cash-plus-security receipts basis, where 15% of the bid amount will be paid in cash and the remaining in security receipts. Security receipts are quasi debt instruments, which are redeemed when the ARC recovers the underlying debt.

The stock hit a fresh 52-week high of Rs 162 on December 8, 2022 --- something last seen in April 2018. Short-term traders are advised to consider buying the stock now or on dips towards Rs 152-155.

Satisfactory rise in weekly jobless claims eases some rate-hike jitters. Key payrolls report, to be released shortly, will determine Fed's monetary policy path.

Will Federal Reserve refrain from speeding up the pace of interest rate hikes?

Latest numbers are a testimony to Japan's fragile recovery, even though the easing of curbs related to Covid-19 has helped.

Presently with a market share of 5% across key regions in India, Bira 91 has tripled its pre-COVID numbers.Brewer refrained from disclosing valuation or MUFG's stake in it after funding round.

As of December-end, the promoter held over 20% stake in Gokaldas Exports. Aditya Birla Sun Life and Goldman Sachs were buyers of co shares today

Satisfactory rise in weekly jobless claims eases some rate-hike jitters. Key payrolls report, to be released shortly, could determine Fed's monetary policy path.

On Thursday, benchmark index Sensex saw a decline of around 542 points and reached 59,806. Despite the overall market downturn, 4 stocks from the BSE midcap index managed to scale new 52-week highs. The 52-week high is a significant technical indicator used by some investors and traders to analyse a stock's current value and forecast its future price movements. It is the highest price at which a stock has traded over the past year.

Transaction took place at a 7% discount to the stock’s previous market close. On the contrary, Fidelity Funds, Nomura Trust and Banking Co bought the co’s shares

The Bank of Japan will conclude Governor Haruhiko Kuroda’s final meeting Friday, with global investors remaining on high alert for a surprise parting shot from Kuroda that may jolt financial markets around the world. Market speculation has been fueled by the fact the lack of improvement in bond market functioning, despite the BOJ widening its 10-year yield target range in December to address precisely that. The move also cemented Kuroda’s reputation for taking markets by surprise.

Snapping three-day upward march, equity markets declined on Thursday following hawkish comments from Federal Reserve officials. Selling was seen in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank, amid a sluggish trend in the global markets.Sector-wise, BSE Auto and Consumer Durable witnessed intense selling during the session. In the broader markets, the BSE midcap fell 0.55% and the small-cap slipped 0.20%.Technically, "On the lower end, Nifty found support at the 14DMA. The trend is likely to remain bearish until it remains below 17,700. On the lower end, the bears may take the Nifty to 17,500/ 17,400," said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Friday

Initial claims for state unemployment benefits rose to 211,000 for week ended March 4 from 190,000 the previous week, revealed data

Bonus shares are fully paid additional units issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.

The brokerage further said that the merge-co will receive a cash infusion of Rs 70/share, implying that the stock is trading at 11x FY24E merge-co adjusted EPS (ex-cash). These trough valuations are ignoring the strengths of the merge-co, in our view, it said.