Sensex, Nifty face pressure from rising US yields, crude and FII selling
Global financial conditions remain challenging, while technical indicators point to further weakness after Indian benchmarks broke key support levels
Indian stock markets, the Sensex and Nifty, are facing pressure from rising US yields, crude oil prices, and Foreign Institutional Investor (FII) selling, according to analysts. The Nifty opened at 23,100 on Thursday, signaling a flat opening despite a surge in US bond yields to a two-decade high. Foreign portfolio investors are selling heavily, contributing to the downward trend. Analysts predict the markets will remain volatile and bearish due to this multi-front problem.
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- Stock market today: BSE Sensex opens over 100 points up, NSE Nifty50 trades above 23,000 timesofindia.indiatimes.com
