Nifty snapped a 2-day winning streak to end around the 17000 mark yesterday as big bank rescue fails to lift sentiment? UBS’ takeover of Credit Suisse at a discount of 60% and writeoff of AT1 bonds worth $17 bn spooked sentiment. Meanwhile, US Fed kicks off its 2-day FOMC meet later tonight. The central bank is expected to either pause or hike rates by 25 bps amid the banking turmoil. Ajay Bagga of Elyments Platforms shares his thoughts on the global bank failures, Fed’s rate path and how to navigate the market volatility. We also discuss the market technicals and stocks like Ceat, PVR and J Kumar Infra with Sacchitanand Uttekar, Tradebulls Securities. Watch!
#Stockmarket #Nifty #Sensex #creditsuisse
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