Going ahead, FPIs are likely to be cautious in the near term since there is a risk-off sentiment in equity markets globally due to the stress in the US banking system and the crash in banking stocks, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
The stress appeared in the US banking system after the collapse of Silicon Valley Bank and Signature Bank earlier this month.
Most global equity markets witnessed a sharp recovery, even as macro sentiments remained volatile as frailties in European and US banks were under focus.
This story is from the March 27, 2023 edition of Millennium Post Delhi.
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This story is from the March 27, 2023 edition of Millennium Post Delhi.
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