The Yes Bank crisis, with an RBI-imposed moratorium and capped withdrawals, and concerns over the rapid spread of coronavirus, caused benchmark indices to plunge on March 6. The Sensex tumbled 1,300 points to close at 37,180 while the Nifty slipped below the crucial 11,000-mark.
Bank stocks were particularly hit due to the ambiguity over the fate of depositors' money with Yes Bank, the delay in addressing the issue and the entry of SBI and LIC into the picture.
For more on the Yes Bank saga and everything else that made market jittery this past week, tune in to this edition of the Market Podcast, where host Jerome Anthony and CNBCTV18.com Editor Santosh Nair take stock.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.