Key Points
NEW DELHI: Just when the Indian stock market was trying to recover from the Adani crisis, the failure of Silicon Valley Bank (SVB) and Signature Bank in the US came in as another crude shock...
In the last three trading sessions, investors have turned poorer by about Rs 7.3 lakh crore and the Sensex has crashed 2,110 points as the SVB crisis is having a ripple effect on global equity markets...
During the day, bank stocks were among those worst affected despite analysts and brokerages saying that Indian banks are well-placed in a tight regulatory framework..
"The risk of contagion within the banking system looks limited, this is more of a company specific issue and could impact some of the start ups, VC and some limited banks and also in near term could create panic in investors and banking clients," Sharekhan said.. 4) Fed fear..
"Now, till it remains below 17,250 zone, weakness could continue towards next psychological support of 17,000-16,800 levels while on the upside hurdles are seen at 17350 and 17442 levels," Chandan Taparia of Motilal Oswal said.. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own..
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