Liquidity Woes
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
Massive sell-off in banking sector stocks pulled the key Indian equity indices — S&P BSE Sensex and NSE Nifty50 — lower on Wednesday.
According to market observers, heavy selling pressure was witnessed in banking, healthcare and automobile stocks.
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At 3.30 p.m. the barometer 30-scrip Sensitive Index (Sensex) of the BSE receded by 144.52 points or 0.42 per cent to 34,155.95 points from Monday’s close. The equity markets were closed on Tuesday.
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Similarly, the wider Nifty50 of the National Stock Exchange declined by 38.85 points or 0.37 per cent to 10,500.90 points.
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