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Debt mutual funds are still attractive as they allow tax deferral, diversification and on-demand money access, says Dhirendra Kumar, CEO of Value Research. Changes to the tax bill mean any returns from mutual funds or bank deposits will be considered taxable income. The advantages of PPF, post office or MIP schemes are their assured returns, unlike mutual funds. Long-term fixed income investors should opt for safe, low-risk vehicles

The stock will likely go through a period of time correction, BofA said. The global investment sees a lack of meaningful catalysts in the near term that could boost the stock price. Estimates for M&M are 10-12% below the street. The global investment banks also see uncertainty on the farm business outlook.

On the verge of breaking above its bullish poll andflag pattern. Stock is poised for a quick 7-8% rally.

The recent changes to the taxation of debt mutual funds in India could discourage long-term investment, says Arnav Pandya, founder of Moneyeduschool. The lack of clarification as to whether the new rules apply to investments made before 31 March has led to concerns that investors could be hit with unexpected tax bills. SWPs remain a good way to reduce tax liabilities, Pandya said, but doubts remain over whether the negative impact on fixed-income products could steer investors away from mutual funds.

Minneapolis Fed President Neel Kashkari on Sunday said officials were watching "very, very closely" to see if the banking stress led to a credit crunch that threatened to tip the economy into recession.

Breakout above its falling 200 DMA after a gap oftwo years adding to the bullish conviction.

Physical gold dealers in India were forced to offer the steepest discounts in more than a year to lure buyers put off by a record surge in local prices last week, while the banking crisis fueled steady demand in top buyer China.

On the longer timeframe, there was a breakout of double-bottom formation, which suggests much more potential upside in this counter while on the shorter time frame, it is travelling on a channel formation pattern.

The stock has given returns of 28% over the one-year period and outperformed Nifty50 which has returned 1.5% in the same time. It also beat the Nifty Realty index which dropped 13.72% during the same period.

"The Nifty witnessed an extremely volatile day of trade on Friday. It was consolidating in a narrow range during the first half of the session. However, as the day progressed and especially during the last couple hours of the trading session the Nifty witnessed intense selling pressure which dragged the Nifty lower to close with a cut of 132 points," Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas said.