The largest industrial group’s stocks falling 50%-70%, however, the damage on the market was just 5%. It would have been a lot more damage and lot more collateral damage that could have happened and markets have recovered. Today we are at 18,200 which I think is an important level because if we surpass that then we will say that we have put this chapter behind us.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may