Market Quote : Global markets turned back to selling mode with the US 10-year bond yield crossing 4% Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 2 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Global markets turned back to selling mode with the US 10-year bond yield crossing 4% as a fresh set of US data suggested that inflation will remain elevated for a longer period. Rising bond yields are driving foreign money out of emerging markets, and as a result, FIIs were net sellers in the domestic market for the sixth consecutive day. Mid- and small-cap stocks continued to show resilience with mild selling compared to their larger peers
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