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US Hedge Fund Archegos collapses, global banks brace for losses

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Archegos was unable to meet banks' calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed.

US Hedge Fund Archegos collapses, global banks brace for losses

Market Movers

CompanyPriceChange%Gain
Maruti Suzuki7,432.70 167.30 2.30
Titan Company1,782.55 25.55 1.45
Bajaj Finserv12,282.25 150.60 1.24
ONGC123.35 1.30 1.07
M&M781.95 6.75 0.87
CompanyPriceChange%Gain
Maruti Suzuki7,432.95 169.20 2.33
Titan Company1,783.00 26.20 1.49
Bajaj Finserv12,280.80 147.75 1.22
M&M781.90 6.50 0.84
UltraTechCement6,903.70 47.20 0.69
CompanyPriceChange%Loss
Adani Ports718.70 -24.20 -3.26
Wipro540.15 -16.40 -2.95
Divis Labs4,224.60 -64.15 -1.50
JSW Steel665.50 -9.75 -1.44
Larsen1,479.25 -19.95 -1.33
CompanyPriceChange%Loss
Kotak Mahindra1,736.80 -23.20 -1.32
Larsen1,479.80 -19.35 -1.29
Tata Steel1,099.80 -13.75 -1.23
TCS3,262.10 -38.55 -1.17
Axis Bank732.40 -7.20 -0.97

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Euro-Rupee88.5370-0.1980-0.22
Pound-Rupee103.4900-0.1780-0.17
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