NBCC, RBL Bank, Ashoka Buildcon among top 10 gainers after a historical market crash

• Markets dusted off and rose nearly 3% on Friday after losing $177 billion out of the Indian stock market in just one day on February 24.
• The fact that Russia was not kicked out of SWIFT is a relief for markets as many countries across the world are dependent on Russia for energy, wheat and other commodities.
• Here are the top 10 stocks that investors picked up after the huge crash.

After a week of sharp decline in the equity market, it seemed like a day with new opportunities. Markets dusted off and rose nearly 3% on Friday after losing $177 billion out of the Indian stock market in just one day on February 24.

After a battered market, shares of many fundamentally good companies were available at lower rates to investors.

While the war between Russia and Ukraine is not over yet, there is some good news that is helping the market stay tight. Fresh US sanctions on Russia did not remove Russia from SWIFT (the international messaging service used by banks to send money around the world) and also did not come up with measures to restrict energy exports.

The fact that Russia was not kicked out of SWIFT is a relief for markets as many countries across the world are dependent on Russia for energy, wheat and other commodities.

The US denying any troops would go to Ukraine to fight, SWIFT sanction not applied, energy sector kept outside from sanction are main reasons for market gains on Friday as per Ravi Singhal, vice chairman at GCL Securities.

"This is likely to be a buy on dip market, albeit with a lot of volatility in the near term,” Nilesh Shah, group president and managing director at Kotak Mahindra Asset Management reportedly told The Economic Times.

Here are the top 10 stocks that investors picked up after the huge crash.
Analysts suggest investors consider the correction as a good buying opportunity. “We are in a structural bull market like 2003-2007 and there were 3 corrections of more than 30% in the last bull run. We are seeing the first meaningful correction in the market and long-term investors should not panic by this correction because it is just taking out weak hands before resuming its up move. This correction will provide a good buying opportunity where major wealth can be created in the next 3-5 years,” said Santosh Meena, head of research at Swastika Investmart.

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