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«We have seen buying interest in midcap as well as in the smallcap space also and a lot of sectors which were in oversold trajectory have started recovering from their oversold trajectory,» says Rajesh Palviya, Axis Securities. Nifty snapped its three-week losing streak. We managed to close above the 22,500 levels. Is it time for a reversal and what are the levels that you are working with? Rajesh Palviya: So, there is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery. If Nifty manages to cross 22,750, then we may see some substantial short covering action and then possible extension of rally could be there towards 22,900, even 23,000 level. But at this juncture, till Nifty is holding above 22,400, trend is likely to exhibit on the bullish side as broader market has also started performing.

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Donald Trump's tariffs. Despite a gain on Friday, the benchmark S&P 500 marked its worst week in six months. The tech-heavy Nasdaq Composite on Thursday ended down more than 10% from its December all-time closing high, confirming it has been in a correction for several months. Investors were grappling with dramatic policy change around the world. Trump's back-and-forth implementation of fresh tariffs on Mexico, Canada and China exacerbated broad concerns about the economy. Markets were also shaken by Germany's surprise spending plans, which drove a selloff in the benchmark German Bund.

Here's all you need to know about the week ahead in world markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo and Karin Strohecker, Dhara Ranasinghe and Alun John in London.

Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched «dot plot» interest-rate projections as part of a broad policy framework review underway at the U.S. central bank and expected to wrap up by the end of summer. «On the communications...particularly our post-meeting communications, we're going to take a close look at the SEP and also compare ourselves to what other central banks around the world do,» Powell said at a research conference in New York, referring to the Fed's summary of economic projections.

Credit growth continued to outpace deposit growth even as both have slowed over previous years according to the latest data released by the Reserve Bank of India. Outstanding bank deposits amounted to Rs222 lakh crore as of February 21, up 10.3% year-on-year compared to 13.1% in the same period a year ago according to the latest weekly statistical supplement released by the central bank. Outstanding bank credit on the other hand amounted to Rs 179.9 lakh crore as of February 21, up 11% y-o-y compared to 20.5% growth in the same period a year ago.

Oil prices extended gains on Friday, rising more than $1 a barrel, after Russia's Deputy Prime Minister Alexander Novak said OPEC+ may reverse its oil output hike after April if needed. Novak told reporters that the producer group will go ahead with the April increase, but after that it may consider other steps.

Shares of Kotak Mahindra Bank Ltd.(up 0.72 per cent), Axis Bank Ltd.(up 0.35 per cent), Punjab National Bank(up 0.2 per cent) and State Bank of India(up 0.1 per cent) ended the day as top gainers in the pack.

stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, AVI Polymers Ltd.(20.00%), Bengal Tea & Fabrics(19.99%), KLK Electrical(19.99%), Hemo Organic(19.97%), Somi Conveyor(19.79%), Spenta Intnl(18.11%), Futuristic Sol(16.48%), Laxmi Dental(16.43%), Ashnisha Industries(15.92%) and Capital Trust(15.59%).

Bohra Industries Ltd.(up 4.98%), Zuari Agro Chemicals Ltd.(up 4.22%), Aries Agro Ltd.(up 3.82%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 3.46%), Agro Phos India Ltd.(up 2.55%), Madras Fertilizers Ltd.(up 1.66%), Paradeep Phosphates Ltd.(up 1.58%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.53%), Coromandel International Ltd.(up 1.37%) and Rama Phosphates Ltd.(up 1.26%) stood among the top gainers.

Magadh Sugar & Energy Ltd.(up 3.94%), Rana Sugars Ltd.(up 3.68%), Mawana Sugars Ltd.(up 3.18%), Rajshree Sugars & Chemicals Ltd.(up 2.85%), Avadh Sugar & Energy Ltd.(up 2.75%), Vishwaraj Sugar Industries Ltd.(up 2.24%), Sakthi Sugars Ltd.(up 2.20%), Triveni Engineering & Industries Ltd.(up 2.19%), Kothari Sugars & Chemicals Ltd.(up 2.00%) and Dalmia Bharat Sugar and Industries Ltd.(up 1.75%) stood among the top gainers.

Nifty 50’s forward price-to-earnings (P/E) ratio has fallen to multi-year lows, as the ongoing market selloff pushes valuations down sharply. The benchmark index’s P/E for 2025 and 2026 now stands at 18.5x and 16.2x, respectively, marking a significant compression in valuation multiples, brokerage Ventura noted. Historically, Nifty’s forward P/E has seen sharper declines during past market crises, including the Global Financial Crisis (GFC) of 2008 and the COVID 19-induced crash of 2020, when valuations dropped to 10.5x and 15x, respectively. The brokerage warned that if corrective mechanisms are not put in place, the current downturn could mirror past collapses.

«Also, risks do not materialise only in weekend. It happens every day. If there is a product to attract global risks on Monday, then if there is something materialising in between, it is a meaningful gap there should be another product,» says Sundararaman Ramamurthy, MD & CEO, BSE. What are the potential risks to the market ecosystem when there is a concentration of trading activity on a single expiry day? Sundararaman Ramamurthy: The regulator gave the option for selecting one expiry day by the exchanges. The regulators absolutely, of course, would have applied their mind for giving this option. NSE opted to continue for Thursday. Based on market feedback, we shifted it to Tuesday. Market feedback had a rationale for it. When you have a common expiry, an existing mature product trades more and no other product can enter in.

high-quality stocks at a discount, believing in their long-term potential. But what exactly makes certain stocks stand out during downturns? The answer lies in trust and fundamentals. Some investors rely on strong financials, visionary leadership, and robust management when selecting stocks. Others gravitate toward legacy brands that have consistently weathered market turbulence.

Aswath Damodaran, a professor of finance at New York University. In his latest analysis of global cash return policies, Damodaran found that Indian firms distributed just 31.1% of their earnings in the form of dividends and stock buybacks—far lower than their global peers. While one can argue that this signals a strong reinvestment cycle fueling long-term expansion, it can also be seen as a symptom of weak shareholder rights and management’s reluctance to part with excess cash.

«What we have seen in the past is whenever there is a tariff or anything like that, the metal prices usually go up in the near term and that is actually positive for companies like Hindalco,» says Parthiv Jhonsa, Anand Rathi Institutional Equities. I want to first really talk about what is happening in the world. We have been speaking with the managements of Hindalco, Nalco, etc. The managements firmly believe that these tariffs will not really impact them. Do you think that is the same? Parthiv Jhonsa: We need to understand that over especially last two months, the entire metal has seen a lot of to-and-fros internationally. Yes, companies like Hindalco where Novelis has a huge presence in USA, something like these tariffs would actually not make a huge difference or a huge dent to them because they have a good presence in USA.

Nuvama Institutional Equities has initiated coverage on Afcons Infrastructure Ltd (AIL) with a ‘buy’ rating and a target price of Rs 535, as it believes that the company is ‘in a league of its own’. The target price given by the brokerage firm implies a 23% upside potential from current levels.

An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA — has gained more than 40% this year. That compares with an about 10% drop in an index of the Magnificent Seven stocks, whose slump has also pushed the Nasdaq 100 Index to the brink of a correction.

Bohra Industries Ltd.(up 4.98%), Zuari Agro Chemicals Ltd.(up 3.87%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 3.22%), Aries Agro Ltd.(up 3.10%), The Fertilisers and Chemicals Travancore Ltd.(up 3.04%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.93%), Khaitan Chemicals & Fertilizers Ltd.(up 2.78%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.71%), Madras Fertilizers Ltd.(up 2.39%) and National Fertilizers Ltd.(up 2.31%) were among the top gainers.

The Nifty futures closed positively with gains of 0.80%, at 22,620 levels on Thursday.

Axis Bank Ltd.(up 1.49 per cent), Punjab National Bank(up 0.81 per cent), Federal Bank Ltd.(up 0.52 per cent), HDFC Bank Ltd.(up 0.42 per cent) and IDFC First Bank Ltd.(up 0.35 per cent) were among the top gainers.