Despite witnessing a broader buying especially in FMCG and oil stocks, Sensex and Nifty 50 halted their 9 days of rally on Monday. IT stocks emerged as the major draggers after a disappointing Q4 prints of TCS and Infosys. All IT stocks were in the red.
economic counsel, also acting labor secretary for president obama and now a distinguished professor at north eastern university. douglas was the chief economist under president george w. bush, he s also the president of the american action forum. seth, let me start with you. i guess we re day five into this depending on how you re counting exactly. we re about an hour from the markets closing. how do you see things right now? have things sort of stabilized a little bit? yeah, i think the president and secretary yellen and the federal reserve did a nice job of immediately communicating to the american people that the banking system is not at risk. there is not systemic risk in the system, that their deposits are safe on the whole, and that investors and the managers who were responsible for these two bank failures are the people who are going to pay the price, not