Cryptocurrency's recent meltdown has sparked a debate between those who still believe in its future and those who see it as a risky and unproven asset class that preys on vulnerable people. In addition, the marketing of crypto to minority communities has been compared to "predatory inclusion," like payday loans and subprime mortgages, touting it as an economic equalizer without highlighting the risks involved. Though progress has been made in increasing the diversity of the industry, advocates say more needs to be done to encourage young Black and Hispanic people to pursue crypto development careers to make it more accessible and equitable.

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Sebi has imposed a penalty of INR 1 crore on Mysore Amalgamated Coffee Estates for aiding and abetting Coffee Day Enterprises in the diversion of funds worth INR 3,535 crore. The company had to pay the fine within 45 days of the order passed by Sebi. According to the regulator, Mysore Amalgamated Coffee Estates was a pass-through entity that violated SEBI Act and Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. Such diversions of funds were not disclosed to investors until the death of VG Siddhartha, the chairman of the Coffee Day Group in July 2019.

Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said.

The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.

Stocks are increasing as bank stocks show some strength following the takeover of failed Silicon Valley Bank by First-Citizens Bank & Trust, which could help ease market concerns over troubled banks. Stocks in the Dow Jones Industrial Average and S&P 500 each climbed 0.8% in early Monday trading, whilst Nasdaq-traded First Citizens BancShares rose 40% in premarket trading. However, the risks of a recession persist due to the high interest rates squeezing lenders. The managing director of the International Monetary Fund, Kristalina Georgieva, said that financial stability risks are rising as interest rates increase to combat inflation.

First Citizens BancShares Inc acquired parts of Silicon Valley Bank, which collapsed earlier this month in the largest bank failure since the 2008 financial crisis, unleashing fears about a liquidity crunch in the sector.

Market worries eased on Monday as First Citizens BancShares agreed to buy failed SVB in a deal in which unit First-Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion.

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Volumes will likely drop next year on the back of falling new account openings and plateauing active accounts, Kamath said, adding that STT collections could be lower than prior to the hike.

On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.

The Nifty Pharma index closed 1.08 per cent up at 11882.75.

The Nifty Bank index closed 0.09 per cent up at 39431.3.

The 30-share BSE Sensex closed up 126.76 points at 57653.86

In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.

The 30-share BSE Sensex closed up 126.76 points at 57653.86

The 30-share BSE Sensex closed up 126.76 points at 57653.86

In the overseas market, both gold and silver were trading lower at USD 1,970 per ounce and USD 23.10 per ounce, respectively.

The Nifty Auto index closed 0.65 per cent down at 12035.1.

Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others

According to Deepak Shenoy Reliance Industries' foray into FMCG places it well in a competitive market. Reliance, with the ability to raise debt, and cash, is positioned to excel. Though the past three years saw little revenue from the company, the next three years have great potential. Mahindra & Mahindra, despite the auto industry's underperformance, has a diverse profile. The improving infrastructure in both road and rail, and lowering interest rates, are expected to boost the automotive sector in 5 years.

The Nifty Realty index closed 1.16 per cent down at 376.55.

Nifty settled at 16,985.7, up 0.24%, while Sensex ended 0.22% higher at 57,654.

The Nifty IT index closed 0.05 per cent up at 27948.75.

The NSE Nifty index closed 40.65 points up at 16985.7

The 30-share BSE Sensex closed up 126.76 points at 57653.86

Pondy Oxides, IZMO, Bharat Wire Ropes, Career Point and Nagreeka Capital, hit their fresh 52-week highs during the day.

The 30-share BSE Sensex closed up 126.76 points at 57653.86

Negative surprises like interest rate hikes, the European banking turmoil, and the bulging BOP problem have created uncertainty in the Indian market in the last few months. Investors have not been able to make a comprehensive picture with so many conflicting events occurring simultaneously. It may take another three to six months for the uncertainties to be addressed and the market to stabilize.

The news flow related to the U.S. and Europe banking sectors is currently the main focus point for investors. In a positive development, the U.S. Federal Deposit Insurance Corporation said on Monday that First Citizens BancShares Inc would acquire all of Silicon Valley Bank's deposits and loans from the regulator.

Adani Ports SEZ, SBI Life, M&M, Tata Motors and Power Grid were among the top losers on NSE in today's trade.

Specified mutual funds have been defined to include funds where not more than 35% of proceeds is invested in shares of domestic companies. This may include debt mutual funds and gold ETFs, where investment in domestic companies is less than 35% of proceeds of the fund.

The NSE Nifty index closed 40.65 points up at 16985.7

Shares of Lupin ended 3.3% higher after the company received tentative approval from USFDA for Valbenazine Capsules. Investors lost Rs 1.12 lakh crore on Monday

The current chief financial officer, Alok Agarwal, has been assigned a new role. According to the release, Agarwal will assume a new role as senior advisor to the chairman and managing director of the company assisting him on a wide range of strategic issues with effect from June 1, 2023, after 30 years of distinguished service.

"The Board has approved issuance of unsecured redeemable non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, in accordance with the approval granted by the shareholders of the Corporation at the 45th Annual General Meeting held on June," HDFC said in a filing.

In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.

Motilal Oswal is a financial services company offering financial services across retail and institutional broking, private wealth management, investment banking, private equity, asset management, and Home Finance. The company is based out of Mumbai.

The Indian equity market is currently oversold, offering good opportunities for long-term investors to enter, according to Naveen Kulkarni, CIO at Axis Securities. He said midcaps and smallcaps could deliver strong returns over the next 12 to 18 months, provided quality companies were chosen to invest in. Kulkarni also recommended buying into private banks, adding they were in a strong position and growth would pick up over the next few years. Finally, he said Reliance Industries stock was currently undervalued, and suggested purchasing it for potential 15% returns over a year.

​Retail investors will not be able to buy or sell shares from Friday, March 31 unless they make the nominee updation, or declare opting out of making a nomination, in their trading and demat accounts.

Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

​​Similarly, a framework built on the assumption that both debt and equity markets cannot correct by double digits in any given year would face difficulty operating in 2022, when both components of the famous 60:40 portfolio fell by double digits for the first time in a century.

Nomura further stated that it maintains its view that Butterfly commands higher gross margins (36.3% in 9MFY23) than Crompton (31.1% in 9MFY23), but its EBITDA margins (10.2% in 9MFY23) are depressed due to higher overhead and marketing costs.

A total of 77,554 shares changed hands on the counter till 02:15PM (IST).

The last date for updating nominations for trading and demat accounts is March 31, and trading accounts of investors not meeting the deadline will become inactive, as per regulations notified by Sebi.

A total of 1,482,750 shares changed hands on the counter till time (IST).

A total of 34,463 shares changed hands on the counter till time (IST).