Silicon Valley Bank crisis and the resulting fall of the New York-based Signature Bank have had a massive impact on the global financial markets, including India’s. As per reports, so far, several stocks have lost close over $400 billion in market value and even our Indian Rupee has been facing a topsy-turvy ride.
As the US banking system braces itself for the SVB crisis, all eyes are also on the Indian bourses, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), and the Asian markets, among other things. Here are the top points as of this morning.