Fear of financial crisis keeps investors away from market
The Statesman|March 21, 2023
The Sensex of BSE opened at 57,773.55 and closed at 57,628.95 points
Fear of financial crisis keeps investors away from market

Both Indian stock exchanges - the BSE and the NSE - went down on Monday owing to the fear of contagion from the financial crisis, said experts.

A number of American banks had failed recently or came under pressure. "Nifty (at NSE) snapped a two day rise on March 20 and closed in the negative, though after witnessing a sharp rebound from the afternoon lows. At close, Nifty was down 0.65 per cent or 111.7 points at 16,988.4," said Deepak Jasani, Head of Retai l Research, HDFC Securities.

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