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Market move● Neutral for Indian equities
Sensex rises 130 points, Nifty falls below 22,700 amid cooling oil, rising bond yields. What lies ahead?
The brief
- The Sensex gained around 130 points while the Nifty fell below 22,700
- Easing oil prices supported sentiment, while surging US bond yields kept investors cautious
- Oil-sensitive Indian companies may benefit from cheaper crude, while rising US yields weigh on market sentiment
- Bonds set for bruising September; stocks fare better
- Fed's Williams sees no urgency for next Fed rate hike
- US 30-year Treasury yield reaches highest level since 2002, topping 5.6%
- US bond yields hit 19-year high! What's driving the surge and why Nifty, Sensex are feeling the heat? Experts decode
- India bonds edge up on short covering as US yields cool