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Market move▼ Bearish for Indian equities
Crude oil, bond yields squeeze markets as risk-off mood deepens
The brief
- Nifty fell 1.56% as crude oil neared $108
- Rising bond yields pressured rate-sensitive banks
- Higher oil and yields pressure Indian banks and oil-import-sensitive sectors
- Markets sink to six-month low as oil shock wipes out ₹7.5 lakh crore in investor wealth
- Nifty IPO index is up 19.5% YTD as the broad market slips
- West Asia worries send benchmark indices to six-month low; third 1% plunge in 10 sessions
- Sensex, Nifty sink further: Indices at six‑month lows; Rs 17.17 lakh crore wiped out in a month
- FIIs step up selling to ₹5,353 crore as Nifty hits lowest level since April
Oil and yields pressure Indian markets
Analysts flagged US-Iran talks, crude prices and bond yields as market drivers. On September 28, the Sensex and Nifty fell sharply, with the Nifty down 1.56% and below 22,800 as crude neared $108 and rising yields pressured rate-sensitive banks; PSU banks and metal shares also declined.
Monday, 28 September
- Crude oil, bond yields squeeze markets as risk-off mood deepens