Investors: Stock markets are bearish. Investors are losing confidence at the time of bankruptcy of Silicon Valley Bank and Signature Bank in America. They are afraid to hide money in banks. As a result, banking and tech sectors in the markets of other countries, including the United States, are afraid. Banks are withdrawing more money. On the other hand.. shares of banking and tech sector are collapsing in the markets. Due to this, the wealth of investors is falling heavily. At the same time, if the Fed raises the interest rates, is there anything else? Indian markets have also recorded losses for five consecutive sessions. With the fall of banking, IT and finance shares, Sensex and Nifty hit 5-month lows. Rupee is also falling.
And in the last 4 sessions, the total market value of BSE registered companies fell by Rs.9.56 lakh crore. All this is the wealth of investors. It is said that the investors have lost so much. Currently, the market capitalization of companies registered in BSE has reduced to Rs.356.59 crores. Sensex fell by 2447 points and Nifty by 711 points in the last four sessions except Wednesday.
In Wednesday’s session as well, the stock markets initially traded with huge gains, but soon turned into losses. Currently, they are trading in extreme fluctuations. Sensex is now trading flat at 57,900 mark. Nifty gained 20 points at 17,600 mark. Metal stocks are rallying. Most of the Adani group companies returned to profitability. Some hit the upper circuit.
Last Friday.. the 16th largest bank of America.. Silicon Valley Bank went bankrupt. As a result, the regulatory agencies confiscated the assets and closed the bank. Another bank, Signature Bank, also closed down within two days. These are the second and third largest banking failures in the US banking system respectively.
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