Accenture reports strong AI deal wins. This indicates a major shift in the IT sector where artificial intelligence is now essential. While revenue growth is moderate, experts believe Accenture may exceed expectations. The company has stopped reporting AI revenue separately, reflecting its integration into core services. This trend will likely shape future performance for IT companies.
Indian markets are experiencing a significant downturn, with banking stocks leading the decline and pushing the Nifty below 23,000. Experts warn of further downside, suggesting a potential drop to 22,000 for the Nifty and 52,000 for the Bank Nifty. Investors are advised to focus on value-driven sectors like non-banking PSUs and energy, while avoiding stretched valuations in IT and defense.
SBI Mutual Fund has filed its DRHP with Securities and Exchange Board of India for a high-profile IPO, which will be entirely an offer for sale by promoters State Bank of India and Amundi India. The listing comes amid strong growth in India’s mutual fund industry, driven by rising retail participation and SIP inflows.
Gold and silver prices rebounded sharply on 20 March 2026, with silver surging Rs 8,500 and gold rising Rs 3,300. Experts view the move as a relief rally within a broader bearish trend, driven by volatility in oil prices, the dollar and geopolitical tensions, while advising caution for short-term traders.
Global central banks are holding interest rates steady, signaling a readiness to tighten policy amid rising energy prices and inflation concerns stemming from the U.S.-Israeli conflict. Policymakers are wary of derailing disinflation, leading markets to scale back rate cut expectations and price in potential hikes, particularly in Europe and the UK.
The blockade of the Strait of Hormuz is significantly increasing construction costs in India, particularly impacting the luxury real estate market in Mumbai. Developers face higher prices for steel, aluminum, and imported materials, with potential cost increases of 5% expected to be passed on to buyers.
On March 19, five Nifty 500 stocks appeared in the RSI Trending Up scan. Their RSI moved above the 50 level from lower zones, signalling strengthening momentum. The indicator is often used by traders to spot improving sentiment and potential bullish continuation setups in select counters across the market.
JSW Steel shares are in focus after its arm sought government support to secure LNG and propane supplies amid disruptions linked to the Middle East crisis. Supply risks via the Strait of Hormuz have raised concerns over output continuity, with industry players flagging potential downstream impact and supply shortages.
Asian markets opened higher on Friday. This followed a rebound in US stocks and a drop in oil prices. Leaders from the US and Israel are working to ease worries about the Iran war. Investors are closely watching geopolitical developments for signs of de-escalation. Efforts are underway to stabilize energy prices and financial conditions.
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