Indian shares open lower as banking concerns linger; Adani stocks slide

  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Indian shares opened lower on Monday as some investors worried about contagion risks in the global banking system despite a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group offering some relief.

Forty-five of the Nifty 50 constituents logged losses. All the Adani group stocks fell on aThe Nifty 50it will buy Credit Suisse for 3 billion francs , and assume up to $5.4 billion in losses, in a deal engineered by Swiss authorities.to reassure markets. But investor sentiment remained fragile.

At least two major banks in Europe are examining scenarios of contagion, two senior executives close to the discussion

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Market talks....Their Prime Minister on the weekend said that their Banking system is Strong😄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines