The spiking dollar, US bond yields and crude is slowly easing is paving the way for a recovery in marketsMid-day Mood | Easing US bond yields bring relief to market, Nifty reclaims 19,550
The spiking dollar, US bond yields and crude is slowly easing is paving the way for a recovery in markets
Under the macro set-up of a prolonged hawkish rate pause with no imminent growth slowdown, CLSA is now more overweight on banks along with energy and industrials, while IT and consumption remain its key underweights
Biggest losers on the Nifty were Axis Bank, SBI, IndusInd Bank, NTPC and UltraTech Cement, while gainers included Adani Enterprises, Nestle India, HUL, Eicher Motors and HDFC Bank
Banking stocks take a knock. Analysts say traders should keep an eye out for stocks which are showing resilience in a weak market such as Bajaj Finance, LT and Zomato