The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away.
In the short-term, analysts expect the markets to remain volatile as they react to news flow – both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields