This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). ![]() understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. For all other news related to business, politics, tech, sports and auto, visit. Nifty intraday and closing stop loss at 17,225.Nifty Bank intraday and closing stop loss at 38,900.Nifty50 intraday and closing stop loss at 16,800.Fear index India VIX up eight per cent at 16.01.Nifty put-call ratio (PCR) at 0.83 vs 0.88.FII index longs at oversold levels at nine per cent on Tuesday vs 10 per cent the previous day.Tags: Sensex Nifty BSE Stock Market Business News NSE UBS Credit Suisse Stock update Sectors Follow Business News on abp LIVE for more latest stories and trending topics.For the 50-scrip headline index, he expects a higher zone at 17,065-17,100 levels and a strong sell zone at 17,150-17,225 levels. For the banking index, he sees a higher zone at 39,500-39,600 levels and a strong sell zone in the 39,700-39,900 band. On Friday, foreign institutional investors (FIIs) were the net sellers and sold Indian equities worth Rs 1,766.53 crore while domestic institutional investors (DIIs) were net buyers at Rs 1,817.14 crore. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.16 per cent higher at 103.87. On Friday, the rupee settled at 82.59 against the US dollar. It gained further to 82.48, registering a gain of 11 paise. At the interbank foreign exchange, the domestic unit opened stronger at 82.48 against the US dollar and then slipped to 82.52. Meanwhile, Rupee rose 10 paise to 82.49 against the US dollar in early trade. In the commodity market, Brent Crude and WTI Crude prices surged up to 0.3 per cent to $73 per barrel, and $66 per barrel, respectively. The boost to India’s macros arising from reduction in trade deficit and big decline in Brent crude to $73 are positives from the market perspective." However, investors may remain cautious and wait for stability. The volatility index in the US at around 25 doesn’t indicate any panic like in 2008. Learning from this crisis, this time there has been a concerted global action - the latest being the buyout of Credit Suisse by UBS - to contain the crisis. The big learning from the global financial crisis of 2008 is that failure of large financial institutions will lead to systemic issues leading to financial contagion and ultimately to recession. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services told Mone圜ontrol, "The fears of financial contagion rising from the banking crisis in US and Europe appear to be largely contained by the quick response of the governments and central banks. ![]() ![]() However, Asia-Pacific markets fell today, with Nikkei 225, the S&P 200, Kospi, Topix, and Hang Seng indices lowering to 0.8 per cent. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures climbed up to 0.6 per cent. In the global markets, the US equity futures inched higher in the morning after the UBS Group sealed the Credit Suisse takeover to calm markets.
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