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Market move▼ Bearish for Indian equities
Nifty slips below 22,700 as crude, US yields pile pressure on markets
The brief
- Nifty slipped below 22,700 as crude oil and US yields pressured markets
- The Nifty opened at 22,732.45 and Sensex at 72,633.68, after Monday’s 360-point Nifty fall
- Higher crude and US yields pressure Indian equities, especially oil-sensitive sectors and rate-sensitive stocks
- Rethinking the dollar
- Battered bond market braces for a new era of interest rates
- Gold under pressure, silver drops 1% as US Yield hits 18-year high
- US stocks can handle 5.3% treasury yield, but investors need to get selective: Drew Pettit
- India 10-year bond yield stays near 2-year high as crude tops $106, US yields surge
Crude oil and US yields pressure Indian markets
Rising crude oil prices amid US-Iran tensions and higher US bond yields triggered selling, with the Sensex and Nifty ending sharply lower and the Nifty hitting a six-month low. Brent topped $108 a barrel as rate-sensitive and PSU bank shares came under pressure.
Tuesday, 29 September
- Nifty slips below 22,700 as crude, US yields pile pressure on markets