Indian shares rise as fears of global banking contagion ebb

Indian shares rose on Monday as authorities globally took steps to contain the banking turmoil, helping dispel some of the contagion fears.

"Expect some stability in Indian markets after swift action by regulators on banking crisis so far in the West," said Anita Gandhi, director at Arihant Capital Markets.

"The persistent selling by foreign portfolio investors is a dampener on sentiment, though," she added. Since the failure of SVB on March 9, FPIs have offloaded Indian equities in ten out of the 11 sessions.rose 2% after Kotak Institutional Equities called the stock a "compelling" buy.jumped nearly 6% after Morgan Stanley initiated coverage with an "overweight" recommendation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the wild federal trial of the Fugees’ Pras that begins MondayThe trial, starting Monday in DC, involves Leonardo DiCaprio, the Trump and Obama administrations, a Chinese dissident and a missing Malaysian billionaire.
Read more »

Watch Indian rocket launch final 36 OneWeb satellites tonight (March 25)Liftoff is scheduled for 11:30 p.m. ET on Saturday (March 25).
Read more »

Southeast Health Surgery Clinic opens MondayThe new Southeast Health Surgery Clinic, featuring four specialized surgical services in one convenient location, opens Monday, March 27.
Read more »

New Seattle on-street parking rates go into effect MondayRates will change in most business districts, with the highest increase set at an additional $1 per hour.
Read more »

Downtown bar La Ruina to hold charity event benefitting San Antonio Food Bank on MondayThe benefit will center around a cocktail bartenders love to hate: the labor-intensive Ramos Gin Fizz. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants safoodbank
Read more »

Eglin AFB plans active assailant exercise MondayThe 96th Test Wing will conduct an active assailant exercise on Monday, March 27 from approximately 8 a.m. to noon, base officials announced.
Read more »