Snap two-week losing streak on softening US yields, Fed view
The National Stock Exchange (NSE) Nifty Midcap 100 index fell 4.1 per cent, the most since June 2022
Superior earnings growth macro-stability make India a standout major global market, say market mavens.
These higher yields make them the right fit for certain use cases. Investment advisors say the product can be looked at when saving for overseas goals
The Sensex ended the session at 65,512, a decline of 483 points or 0.7 per cent. The Nifty closed the session at 19,512, a drop of 141 points or 0.7 per cent
This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent
An analysis conducted by PRIME Infobase reveals the sectors where overseas funds turned the most bearish
The US Federal Reserve's benchmark interest rate was 0, while central banks in Europe and Asia even ran negative rates to stimulate economic growth after the financial crisis and through the pandemic
The benchmark Sensex climbed 405 points, or 0.62 per cent, to close at 65,632, while the Nifty 50 index advanced 110 points, or 0.56 per cent, ending the session at 19,546
This increase in the US bond yield, the most significant in roughly four decades, is consequential
Benchmark and broader market indices up 11-42% but rising US bond yields, oil prices threaten to pull them down
The yield on the 10-year benchmark government security rose 10 basis points during the quarter to settle at 7.22 per cent on Friday
Overseas funds have stepped up the selling pressure following the US Federal Reserve's indication that interest rates will stay higher for longer
The yield on the benchmark 10-year bond settled at 7.24 per cent, against 7.17 per cent on Wednesday
The Sensex had an earnings yield of 4.11 per cent on Friday against 4.47 per cent yield on 10-year US government bonds
The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB
SVB's woes have been rooted in tens of billions of dollars it plowed into longer-term bonds, confident that rates would stay steady
Have exposure to bigger banks only, not small ones: SBI chairman Khara
Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.
The primary reason for the decline is foreign currency assets, which recorded a dip of $3.5 billion to $465 billion