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"We have stopped taking further price increases but at an aggregate level, we have still not reached a level where the prices have reduced," Mehta said.

The Reserve Bank of India wants bank managements and their boards to be on their toes all the time even as they have strong capital back up and have shown ability to wither stress tests. “The recent events in the banking landscape of the US and Europe suggest that risks for an individual bank could crop up from segments of its balance sheet which might have been considered relatively safer,” Das said

On Thursday, Bitcoin had surged 7.3% but erased move and fell into the red, leaving investors scratching their heads - as is the case with swings in crypto prices. The retreat sparked a litany of speculation.

Shares of the Sanjiv Bajaj-led company advanced 2.38% on the NSE on Thursday to close at its two-month high of ₹6,200 per share. More than 29 lakh shares were traded on the BSE and NSE, up 2.6 times its combined average daily volume for the last one month.

The total hit due to the deal is to the tune of ₹12,490 crore, which the bank absorbed in the March quarter. Stripping out the impact of the exceptional item linked to the acquisition, the lender would have reported a profit of ₹6,625 crore - up 61% from ₹4,118 crore a year ago. Analysts polled by Bloomberg had estimated a net profit of ₹2,531.6 crore for the fourth quarter.

Stock prices of listed Adani Group companies nosedived and yields on its bonds surged after the publication of the report, hurting investor confidence and making it difficult for the group to borrow fresh capital. The development halted the aggressive pace at which it was expanding.

Wipro guided for a revenue drop between 1% and 3% in the April-June quarter, owing to a negative demand outlook. This is below estimates by brokerage houses such as Kotak, which had estimated Wipro to guide for revenue decline of 1% to growth of 1% for the period.

A resumption of overseas investment flows into Indian stocks over the past couple of months has also propped up the rupee, resulting in the local unit performing better than 10 other Asian currencies so far this month. Dealers said that dollar inflows for IPOs of companies such as Maiden Pharma and fund-raising by local firm Avadda had helped the rupee of late.

About 65% of the Nifty futures contracts were rolled over to May series, according to the exchange data. This is far lower than the previous series of 74% as well as the three-month average of 75%.

Gold is seen as a safe haven due to its lack of credit risk, and the recent global banking credit crisis, negative US consumer data, rising central bank stockpiling and weakening of the dollar index is driving demand. Gold is near a make-or-break area at its resistance point near all-time high levels of 2089-2090. While an intraday spike is expected, new purchases at these levels carry significant risks. A better strategy is waiting for a clear breakout before taking a trade in the direction of the breakout.