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"The banking crisis in the US caused money to move out of over-owned sectors such as financials and into newer sectors and new leadership. This is how the market works and usually we have seen 18 months of correction in the market. We have already been in an 18 months of corrective market. So you could see another six months or so and then you will see an emergence of new leadership."

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

The collapse of two US banks, SVB and Signature Bank, in a matter of hours has caused a global financial crisis risk to be heightened, and has led to the selloff of stocks across the globe. Unlike in 2008, US policymakers have moved early and at scale to stem the brewing contagion risk by providing 1-year credit lines to the US banks. This has prevented a full blown financial crisis.

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO

"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.

A total of 2,340,646 shares changed hands on the counter till 02:14PM (IST)

The Relative Strength Index of the stock stood at 39.88 on Tuesday.

Kalpataru Power Transmissions, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 9449.49 Crore) operating in Power 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.