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The markets will have a couple of important things to react to that includes the FOMC meeting and the interest rate decision slated to come in the middle of this week.

In the Bank Nifty space, I would expect this 32,500 mark to hold on. The top picks going forward for me are SBI, ICICI Bank and Axis Bank. These are the three names which continue to be leaders, said Nooresh Merani.

Overall in terms of portfolio construction, I would prefer financials as the top pick that will continue to do well, said Bagga.

With a sharp and widespread economic slowdown looming over the horizon, here’s a guide on how to prepare based on conversations and notes by fund managers and strategists.

India’s growth prospects are bright as it remains the most promising investment destination. The best time to invest in equities is during periods of considerable uncertainty as it is at this point that fear overtakes rational decision making and stock prices are marked down.

The issue includes a reservation of 10,000 equity shares for subscription by eligible employees.

Pockets of resilience were on display in the past five days, though stocks skidded further amid surging inflation and war in Europe. The S&P 500’s biggest one-day tumble since 2020 was followed closely by its biggest rally, and every session except Monday’s featured at least one notable bounce.

At the end of a volatile week, indexes had opened higher after Russian President Vladimir Putin said there were "certain positive shifts" in talks with Ukraine, without providing any details, but stocks then faded during the session. S0N2UZ01V

India, though is better equipped, is certainly not immune to these events. According to third-quarter GDP statistics, Indian industry grew at a tepid rate, mainly attributed to sluggish domestic demand.

Bitcoin’s key tactical upside breakout zone remains between $44,550 and $46,000, according to Ron William, founder of RW Market Advisory.