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Market move▼ Bearish for Indian equities
Ahead of Market: 10 things that will decide stock market action on Friday
The brief
- Sensex plunged 1,248 points and Nifty fell 1.6% as US Treasury yields hit 19-year highs
- Crude stayed above…
- Rising US yields and elevated crude pressure Indian equities, particularly rate-sensitive sectors and oil-importing companies
- 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