financial exchange today: The Indian stock market remained volatile today despite high expectations of a relief rally on Dalal Street following the Silicon Valley Bank (SVB) First Citizens Bankshare deal. The BSE Sensex and the 50-stock index Nifty are both trading in the 135-point range. Similarly, the Nifty Bank index is trading within a 250-point intraday range.
Experts on the stock market say that the market was hoping for a specific plan from the US government and the US Federal Reserve to deal with the US bank crisis. However, the problem is being addressed one bank at a time by the US central bank and the Joe Biden administration. He stated that as a result of the SVB First Citizens Bankshare deal, market sentiment has turned bearish due to the fact that it is a one-bank solution and does not address concerns regarding the US banking system’s decline.