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Credit Suisse Group AG shares plunged and the Euro Stoxx Banks Index declined, stoking concerns about the global economy and oil demand. The International Energy Agency’s monthly Oil Market Report also struck a bearish tone, forecasting that global crude supply should “comfortably” exceed demand in the first half before tightening later this year

Transfers, in Singapore dollars, are facilitated by a traditional bank, Standard Chartered, and carry no fee, the company said in a statement. Previously, users could only purchase crypto via a Visa or Mastercard debit or credit card, or transfer crypto in and out of their Coinbase account

LIC said its holding in NMDC has decreased from 13.69% to 11.69% during the period

The Dow Jones Industrial Average fell 525 points or 1.6%, at the open to 31,759.87.

Retail investors have turned to mutual fund SIPs. AMFI data shows that SIPs stayed above the Rs 13,000-crore mark for the fifth consecutive month in February.

The Indian markets are not reacting to global cues, and the problem may be global, but the nervousness is local. The sell-off in names like HUL and Nestle has nothing to do with banks. They are cash-rich companies and are going down because of the liquidity crisis. The market continues to be volatile in the short term and in the liquidity crisis, good companies are also getting a selloff.

Sharma said that regulators learn from adverse past events and carry those lessons with them. "There is always learning with a new event. So, 2008 will not get repeated by any stretch. I mean, let us not even start thinking like that," he added.

Even as the global sentiment improved after the release of US CPI data, Indian equity indices slipped into the red for the fifth straight session on Wednesday.

Now, till the index remains below 17,171 zones, weakness could continue towards next support of 16800-16666 levels while on the upside hurdles are seen at 17,171 and 17,250 levels, said Chandan Taparia of Motilal Oswal.Volatility is quoting near the highest levels of the last 28 trading sessions, thus giving an edge to bears in the market

Equity MFs have seen the highest inflows in 9 months at Rs 15,685 crore