Sensex and Nifty drop more than 0.8% as Brent tops $102 and US 10-year yield hits 5.11%
Indian equities opened sharply lower as Brent crude rose above $102 and the US 10-year yield hit 5.11%, tightening financial conditions and pressuring emerging-market risk appetite. Financials and insurers led declines, highlighting rate-sensitivity and valuation risk as global yields climb. Mixed Asia trade and renewed Fed-hike expectations added headwinds, partially offset by prior net institutional buying and still-low India VIX positioning.
Affected assets
NCSINIFTY52USD/USDT-0.67%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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India’s Sensex and Nifty fell more than 0.8% in early trade, with the Nifty 50 down 214 points to 23,232.80. Brent crude climbing above $102 a barrel and the US 10-year Treasury yield rising to 5.11% weighed on risk appetite. Financial stocks led the decline, and only three Nifty 50 constituents were trading higher. US stocks closed lower overnight after strong US business-activity data revived expectations of another Federal Reserve rate increase.