Indices tumble on US bank shares sell-off
Business Standard|March 11, 2023
SVB crisis, Fed rate hike fears continue to Keep markets on the edge
SUNDAR SETHURAMAN
Indices tumble on US bank shares sell-off

India's stock market fell along with global peers on Friday after the over .$50-billion sell-off in US banks, prompted by the crisis at Silicon Valley Bank (SVB), triggered risk-off bets.

Nervousness ahead of the release of US payroll data also weighed on the market.

The Sensex declined 671 points, or 1.1 per cent, to close at 59,135, while the Nifty50 index settled at 17,413, with a decline of 177 points, or 1 per cent.

Foreign portfolio investors were net sellers to the tune of ₹2,061 crore, while domestic institutions pumped in close to ₹1,400 crore on Friday, according to provisional data from the exchanges.

この記事は Business Standard の March 11, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の March 11, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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