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"The daily momentum indicator triggered a fresh positive crossover on Wednesday, which is a buy signal. Also, we believe that the pullback is not yet complete and we expect it to continue over the next few trading sessions," Gedia said.

Investors who understand the business models of companies and see a clear path to profitability and revenues over the next few years should invest in high-growth companies like Zomato, Paytm and PolicyBazaar, says Nilesh Shah, CEO of Envision Capital. Shah believes such businesses are on track to become hyperscalers in India, and highlights PolicyBazaar, which aims to reach profits of INR10bn ($134m) by 2027, as a stock that could become a compounder with high annualised returns

Momentum indicators RSI and MFI are in a medium range at 41.5 and 60.7, respectively according to Trendlyne. A number below 30 indicates that the stock is trading in the oversold territory while above 70 it is in the overbought zone.

Options trading can improve risk-adjusted returns for investors, says Rakesh Pujara, Founder of Compounding Wealth Advisors. Multiple strategies that are non-correlated help to protect and reduce risk on returns instead of a single strategy. Pujara also advises people with smaller capitals to invest in SIPs or mutual funds, whilst those with larger capital should explore multiple strategies in options to mitigate risk.

Equity markets globally have turned volatile in the fallout of Silicon Valley Bank and Credit Suisse crises, with some investors adopting a cautious stance that could put further pressure on the markets. Although the situation is getting resolved, the events of the past few weeks have highlighted to companies that they need a professional treasury management function.

The stock has given a breakout above 50 EMA.

Analysts Abhishek Dangra and Richard M Langberg, authors of the report, also said serious lapses uncovered in the ongoing scrutiny of the conglomerate could also prompt negative rating action.

The survey results align with the view of Fed officials, but it pushes back on traders who amped up bets on rate cuts for this year — sending Treasury yields sliding — even after Wednesday’s hike and Fed Chair Jerome Powell’s subsequent comments.

Forecasts from the 18 policymakers were varied, however, with seven policymakers seeing a higher appropriate stopping point for rates. One policymaker thought no further rate hikes would be needed.

The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy.