Sliding oil prices have also provided some relief to markets, with Brent crude futures at $84.50 a barrel, some $13 or 13.5% cheaper than last week’s 11-month high. [O/R]
Soaring Treasury yields ignite turbulence throughout markets
Higher Treasury yields can curb investors’ appetite for stocks and other risky assets by tightening financial conditions as they raise the cost of credit for companies and individuals.
Taking Stock | Bulls break two-day losing run; Sensex up 405 pts, Nifty nears 19,550
The market breadth was in favour of gainers. Around 2,178 shares advanced, 1,361 shares declined and 121 shares were unchangedMid-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 marketsCLSA adds HDFC Bank to its focus portfolio; overweight on banks, energy industrials
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 underweightsAt multi-year highs: Suzlon Energy among 7 stocks that saw 5-year swing high breakout
Big movers on D-Street: What should investors do with Nestle, Maruti and Coal India?
Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.
US government shutdown later this year would not hurt rating: Fitch
the latest factor to prompt worry on Wall Street about U.S. political governance after a near-miss with a partial federal government shutdown this weekend and a debt ceiling crisis earlier this year.
Taking Stock: Sell-off continues on second day; Sensex down 286 pts, Nifty below 19,450
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 BankMid-day Mood | Nifty below 19,400, continuous FII selling sours sentiment
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