Key Points
NEW DELHI: Sparking a sell-off in equity markets worldwide, the collapse of the Silicon Valley Bank (SVB) has wiped off Rs 10 lakh crore from the pockets of Dalal Street investors and left Sensex down nearly 2,500 points in 4 days...
With FIIs pulling out more dollars from India after back-to-back collapse of three US banks, including Signature and Silvergate, the ripple effect is loud and clear.. Market insiders, however, have started noticing the silver lining in the dark clouds hovering over the US banking system in the aftermath of the Silicon Valley Bank crisis..
The single biggest impact of the banking crisis is that it might force the US Federal Reserve to end its rate hike cycle..
2) Fall in crude prices. The SVB episode has sparked fears of a financial crisis leading to a drop in crude oil price..
"The disruptive development in the US banks and slowing economy have created a precursor to presume that yields will peak in the near future, supported by a change in monetary policy from hawkish to neutral, which will diminish the worries of long-term investors," said Vinod Nair of Geojit Financial Services...
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