Markets

Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices

• Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation
• Rising yields and oil pressure Indian equities, with exposure across rate- and fuel-sensitive sectors

10-year bond yield breaches 7.20%; hits 2.5-year high

• India's 10-year benchmark bond yield reached 7.21%, a 2.5-year high
• Higher yields pressure bond valuations and borrowing costs for Indian banks and rate-sensitive companies

Geopolitics, crude, and global yields may push 10-year G-sec yield beyond 7.25%: DSP MF’s Sandeep Yadav