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Indian shares swung between gains and losses before edging a tad higher as Credit Suisse added to worries about a crisis in the financial sector. The Nifty 50 closed 0.08% higher near the 17K mark, while the S&P BSE Sensex rose 0.14% to 57,634.84.

At the interbank foreign exchange, the domestic unit opened lower at 82.77 against the dollar. It traded between 82.60 and 82.80 levels, and settled at 82.77 (provisional) against the American currency, registering a fall of 12 paise against its previous close

The event would also allow participants to see how some of the top traders trade on expiry day and network with other fellow traders.

In the overseas market, gold was trading higher at USD 1,922 per ounce while silver was flat at USD 21.61 per ounce.

Gilt funds and gilt funds with a 10-year constant duration received net inflows of Rs 451 crore and Rs 137 crore in February according to data published by AMFI (Association of Mutual Funds in India).

The Nifty Pharma index closed 0.94 per cent up at 11743.2.

The demand was so strong that obviously the minimum sale that DLF will report now will be the Rs 6,500 crore that they reported in December, plus at least the Rs 8,000 crore of Arbour, plus whatever else has been sold in other products. The earlier guidance is obviously history with the 3-day sales figure

In the developed world, market panic is a function of reset in interest rates. Not so long ago, interest rates were near zero, with more than $17 trillion of debt securities having zero or negative coupon. Their markets are getting adjusted to the fact that interest rates can remain higher and for a longer period of time. In the European context, some of the uncertainty could be linked to the Russia-Ukraine situation as well. In the Indian context, we were trading at around our average historical valuations.

"With the adverse perception of the banking crisis and the rising crude stockpiles, crude prices are anticipated to be under pressure," Prathamesh Mallya, Assistant Vice President (AVP) - Research, Non-Agri Commodities, and Currencies at Angel One said.

The brokerage believes Titan will be better placed than its peers in FY24, though its growth growth will moderate from the highs of FY23