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Market move▼ Strongly bearish for Indian equities
Sensex today | Stock Market Highlights: Dalal Street hit by crude fire, US yield surge, Nifty closes 1.64% lower at 23,063, Sensex lost 1,247 points
The brief
- Nifty closed 1.64% lower at 23,063
- Sensex lost 1,247 points
- Higher crude and US yields pressure Indian equities, with added risk for oil-sensitive sectors
- Oil price rise puts more pressure on government bonds
- Rising US bond yields weigh on Indian stocks, add pressure on valuations
- Look closer, and Wall Street’s rally is showing cracks
- Stocks Are Defying Surging Bond Yields. Here’s What History Says Could Come Next.
- The 10-year Treasury yield is at its highest in nearly two decades. How we got here