Pre-market action: Here's the trade setup for today's session
Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel. Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares. Analysts express concerns that potential breaches of support levels might lead to further market declines.
Key Takeaways
- Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel.
- Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares.
- Analysts express concerns that potential breaches of support levels might lead to further market declines.
Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel. Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares. Analysts express concerns that potential breaches of support levels might lead to further market declines.
Original Publisher Attribution
This summary was curated from Economic Times.