Markets, after opening on a firm note, turned cautious on sharp and sudden rise in long term interest rates in US and Japan. The perception that US Fed will taper down the bond buying programme led to sell off in
the global equity markets. Yields in the US increased substantially which impacted the sentiments. US dollar turned firm against all major currencies. Regional markets dragged the indices from the highs. Some choppiness was seen due to F&O expiry also. RBI’s hawkish comment on inflation and interest rate and lower GDP data were another cause of concern for the investors.
the global equity markets. Yields in the US increased substantially which impacted the sentiments. US dollar turned firm against all major currencies. Regional markets dragged the indices from the highs. Some choppiness was seen due to F&O expiry also. RBI’s hawkish comment on inflation and interest rate and lower GDP data were another cause of concern for the investors.
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