SVB Fall: Following the outbreak of the Silicon Valley Bank (SVB) crisis, equity markets around the world were hit by a sell-off. However, the SVB crisis is taking the form of a bank crisis in the US as some more banks such as Signature Bank, First Republic Bank etc. have come under stress. In fact, Credit Suisse, the leading European bank and the second largest Swiss bank, also fell prey to the crisis, providing fodder for the global banking crisis. This bank crisis in the US and Europe led to a sharp sell-off in the Indian stock market as the BSE Sensex declined 2.18 per cent last week while the NSE Nifty declined 2.29 per cent last week. During this period the Nifty Bank index lost 2.42 per cent.
According to stock market experts, this fall in quality stocks can be a good opportunity for long-term positional investors who believe in bottom fishing. He said that the recent fall in Indian stocks is very sentimental and has nothing to do with fundamentals. Experts advise against bottom fishing and buying quality auto, power and banking stocks as Indian banks are in sound financial health under regulation by the Reserve Bank of India (RBI).
speaking on occasions in indian stock market Afterwards svb Fall News, Girish Sodani, Head equity market Swastika at Investmart said, “We believe that the impact of banking collapse will be limited in India and also Indian banks will not be affected as the Indian banking system is more insulated and regulated under the supervision of RBI, which will mainly be affected.” Tech start-ups and IT firms.”
“During this correction, we look like an opportunity for the positional investor as we have seen two sectors namely auto sector and power stocks with strong fundamentals as well as massive capex in the last budget working on several domestic factors Positive correction has been seen in these sectors. Prior to such corrections. During these sell-offs, positional investors can keep an eye on these two sectors and focus for mid to long term horizon as well as from lower levels. can start depositing,” said Swastik Investmart expert.
On the financial health of Indian banks, Avinash Gorakshkar, Head of Research, Profitmart, said, “Indian banks are in good financial health as most of the Indian banks have reported improvement in their margins and have received more money due to higher interest rate regime. Hand to lend. As RBI is giving clear indication on interest rate hike in upcoming monetary policy meeting (MPC meeting), trend reversal on Dalal Street is quite likely. However, global markets including Dalal Street may fall further. is, if the US Fed decides to raise interest rates at the FOMC meeting next week.”
stocks to buy
“We expect a fundamental stock gives strong bounce back which includes NTPC and Ashok Leyland For an upside of 30-40% from current levels, said Girish Sodani of Swastik Investmart.
Advising long-term investors to keep an eye on auto and banking stocks, Avinash Gorakshkar, Profitmart Securities said, “Long-term investors can buy. Mahindra & Mahindra Shares in the auto segment while in the banking sector, one can look at the shares of State Bank of India (SBI) and Canara Bank.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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