Posted 3/15/2024, 9:41:49 AM
Markets Decline on Stress Test Jitters; Analysts Expect More Volatility Ahead of US Fed Meeting
- Sensex, Nifty fell 0.6% on March 15 as mutual funds released liquidity stress test results
- Analysts say more volatility and declines likely, Nifty may fall to 21,000
- Stress tests aim to show how quickly funds can liquidate portfolios if large redemptions
- Broader markets also declined, with midcaps down 0.5% and smallcaps up 0.2%
- Investors eyeing US Fed policy meeting on March 20 and India's loan/deposit data for cues