Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
The #BSE#Sensex dropped 1.4% to 58,309.51. Indian analysts don't expect a ripple effect of the SVB crisis on the domestic financial system. The SVB crisis has near zero impact on Indian banking, V. K. Vijayakumar, chief investment strategist at Geojit Financial Services, said, adding that it is unlikely to rattle markets for long. Bank stocks dropped 2.1%, while public sector banks fell 2.3%. IndusInd Bank Ltd was the top loser in Nifty as well among banking stocks, sliding 7.6%, after analysts said the RBI's approval of the tenure of re-appointment of the private lender's CEO came in below its proposed period. Source -https://www.ndtv.com/business/sensex-falls-over-1-000-points-dragged-by-selloffs-in-financial-stocks-3856603#pfrom=home-business_topstories
Be a part of verified social community platform. Qoneqt intends to bring authenticity in communication between communities and Individuals online with real faces.
