Monday, October 2, 2023

Silicon Valley Bank Collapse May Impact Indian Share Market Next Week Due…

Share Market Forecast: This week has been mixed well for the Indian Stock Market. However, in the last two days the market fell victim. Meanwhile, on the last day of the week, such news came out from America, which can have a negative impact on the Indian market next week.

this american bank drowned

This is news from the banking world of America. The news of the sinking of the well-known American bank Silicon Valley Bank has come to the fore. When this news came to light on Friday, till then there was not much trading time left in the Indian market. On the other hand, if we look at the American markets, this news showed a lot of impact. On Friday, all the major US indices closed in heavy losses. For this reason, analysts are fearing that its effect may not be seen on the Indian market next week as well.

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Such a fall on Friday

As far as the Indian market is concerned, its movement has a significant impact on the activities of the global markets. The fall in the last two days of the last week was also mainly due to external reasons. On Friday, the three major indices of Wall Street S&P 500, Dow Jones Industrial Average and Nasdaq declined by up to 02 per cent. The effect was visible in the Indian market even after the trading time was less on Friday. Especially the banking stocks were in a bad condition. After the end of trading on the last day of the week, the Nifty Bank index was down by 771 points i.e. about 1.87 per cent.

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Banking shares can give opportunity

Market experts say that the fall in the domestic market on Friday was due to banking stocks only. Experts also say that the impact of the sinking of Silicon Valley Bank is expected to be limited on the Indian market. Indian banks are completely unaffected by Silicon Valley Banks in terms of fundamentals. The performance of Indian banks has also improved in recent quarters. In such a situation, the fall of banking shares can also give a good opportunity to earn.

last week was like this

If you look at the condition of this week, only four days of trading took place in the market. The market started trading with an increase on Monday. There was no trading on BSE Sensex and NSE Nifty on Tuesday due to Holi holiday. On Wednesday also, both the major indices closed in the lead. However, the market declined on Thursday and Friday. Last week, the market got help from the rally returned in the shares of Adani Group.

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Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised to invest money here.)

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