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Ashutosh Bhargava of Nippon India Mutual Funds say that this is not the time to be overweight on equities either on the valuation side or from a trend perspective. Currently, they are definitely running a net equity allocation which is below average. Ususally it is between 30% and 80% and today, it is around 42-43% net equity.”

While the 3-year lock-in expiry paves the way for lenders such as State Bank of India, and many others to offload stake in YES Bank, reports said that the stakeholders don’t plan to do so immediately, and would rather do it in phases.

Ritesh Bhatia, Founding Director, V4WEB Cybersecurity says intermediaries really need to do something about it. Our PAN cards and Aadhaar cards are all across because at every place, it is required. They need to step up. We need not use an Aadhaar card as an identity mechanism, but it is meant to be used for authentication and verification and that can be done by scanning the QR code.

Escorts Kubota, incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 25412.42 Crore) operating in Auto sector.

From the Sensex pack, Infosys, L&T, ITC, Titan, and Tata Steel opened with gains, rising about 0.5%. UltraTech Cement, TCS, Reliance and Nestle also opened with gains. On the other hand, M&M, Maruti, Bajaj Finance, Kotak Bank and Asian Paints opened with cuts.

"The market is now expecting that the Fed is likely to not raise rates this month and so they may enter a pause period," said Peter Cardillo, chief market economist at Spartan Capital Securities.

Gold prices jumped more than 2% on Monday to hit their highest since Feb. 3 at $1,914.58 despite efforts by U.S. officials to limit the fallout from the now-shuttered Silicon Valley Bank and restore investor confidence in the banking system. Regulators had shuttered New York-based Signature Bank on Sunday.

The stock respected its prior highs connecting the rising trendline, as it reversed before testing that line. Though, the stock rose to a lifetime-high of Rs 2,914 on 13th March 2023, later reversed and formed a bearish engulfing pattern right after multiple indecisive dojis on the daily timeframe chart.

Higher inflation has been a concern for central banks across the world, including India, as the uncertain nature of the Russia-Ukraine war compounded supply-side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks.

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.