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A host of brokerage firms have initiated Buy coverage on a number of stocks. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 37%.

Taken support at 61.82% Fibonacci retracement ofprevious impulse and started next leg of up move.

The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.

On the weekly options front, the maximum Call OI is placed at 17,500 and then towards 17,400 strikes while the maximum Put OI is placed at 17,000 and then towards 16,800 strikes.

The SVB episode has sparked fears of a financial crisis leading to a drop in crude oil price. While WTI sank to its lowest level since December, Brent dipped to its lowest level since early January. As India imports most of its oil requirements, a fall in crude oil rates is seen as a positive for India.

The Indian IT services companies are not facing immediate heat, but there are uncertainties that persist. However, a long-term investor can hold on to their stocks or investment in the IT sector or the IT companies in India. Axis Securities Equity Research Analyst Omkar Tanksale recommends buying stocks in Infosys, Tech M, and HCL Tech among largecaps and Persistent and LTI MindTree among midcaps.

According to Atul Shinghal of Scripbox, if you are 40 and earning a reasonable salary, by the time you are 60, you could build a corpus of Rs 10-12 crore, if not more, by just investing a lakh. So while the Rs 10 crore looks like a very far away number and scares you, if you break it down, you can get there and that is really important. Our advice to all our customers is get started, keep investing and remain invested.

"Its payments consumer and merchant base offers a large addressable market, thereby providing a long runway for growth. We continue to work with our partners to remain focused on the quality of the book," the company said.

Data Patterns (India), incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 6851.11 Crore) operating in General sector.

The stock quoted a 52-week high price of Rs 919.5 and low of Rs 597.5.