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The Indian stock market is facing turbulence due to the SVB crisis and global market volatility. Bank stocks are suffering, Nifty is experiencing a bearish momentum, and investors are cautious about potential rate hikes. Stay informed to navigate this uncertain market.

HSBC acquires the struggling UK subsidiary of Silicon Valley Bank for £1, providing a lifeline to a critical lender for technology start-ups. The Bank of England confirms the soundness of the UK banking system.

Elon Musk is considering buying the collapsed Silicon Valley Bank and turning it into a digital bank. The bank's demise was triggered by interest rate hikes, causing a significant impact on the start-up community. Musk's interest in creating a payments platform on Twitter has raised speculation that his tweet about buying SVB may have been in earnest.

The upcoming economic data releases include inflation, trade data, and unemployment reports from major economies like the US, UK, India, and China, as well as the ECB's decision on interest rates. Stay updated with the latest developments in the global markets.

Railway stocks rally up to 15% after G20 summit announcement. Government order book and modernization programs boost rail stocks.

Finance Minister Sitharaman announced the formation of a new committee to look into the National Pension System for government employees amid the debate over the Old Pension Scheme. The committee will address the needs of employees while maintaining fiscal prudence.