Latest Stock Market News

Nevertheless, Tara faced a new challenge of determining how to identify a trend. With a wise smile, Dev replied that there were several techniques to identify trends in the financial markets.

>> For more such web stories click on the ET icon below

Investment adviser and partner at Smart Sync Services, Ankit Kanodia, expresses his preference for affordable housing finance companies over HFCs. He identifies only three major companies listed in that space, which enjoy a lack of competition. Their average ticket size is less than INR 10 lakh, making them unsuitable for more prominent players such as HDFC or Kotak. Conversely, Kanodia is cautious about the defence sector, pointing out its below-par performance over the past 20-30 years.

Diana remained Wall Street’s biggest bull, with a $500 price target on the stock right before the bank’s demise. He didn’t pull his buy rating until Silicon Valley Bank was taken over by the Federal Deposit Insurance Corp. on March 10. Diana declined to comment

Despite multiple three-sigma events, Indian markets have withstood the challenges and valuations remain intact. PSU banks will continue to perform well over the next 12 months as credit growth and NIMs remain strong. Indian IT companies are well placed due to their zero debt and therefore, offer favourable valuations. Real estate in South India, particularly Bangalore, look profitable due to a strong demand.

Prominent money managers have stopped chasing the latest stock rally, reasoning that expectations for easier Federal Reserve monetary policy are overblown with inflation still running hot. Should any rate cuts come, they would be intended to halt an economic downturn that also would bode poorly for equity returns, their thinking goes.

Another thing that again raises caution is a very sharp decline in volatility. India VIX came off by 15.12% to 12.94. This warrants a high degree of caution while we follow any further moves in the markets.

Rajesh Palviya, Axis Securities told that he likes ICICI Bank at this current juncture. Looking at the daily setup, the stock managed to break out of its multiple resistance area and the weekly close is quite encouraging, according to him.

"Earlier when the lot size of Nifty Bank was reduced to 25 from 40, we had seen a sharp increase in retail participation. This time too, I am sure that the move will encourage more retail participation," Bengaluru-based derivative trader Rajesh Sriwastava told ETMarkets.

The size of the IPO has been reduced to Rs 865 crore from Rs 1,025 crore earlier as the company completed a pre-IPO placement of Rs 160 crore.