Covid surge, yield spike to dampen Indian equities
Higher US bond yields drive away foreign capital from emerging markets' asset classes to the more lucrative treasury bills.
Higher US bond yields drive away foreign capital from emerging markets' asset classes to the more lucrative treasury bills.
A sharp fall in crude oil prices along with continuous foreign fund inflows helped the major indices -- Sensex and Nifty -- to gain over 0.50 per cent each on Wednesday.
Minutes into trading, it was quoting at 35,701.99, down by 182.42 points, or 0.51 per cent.
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