Global Market

With bond yields rising, investors are increasingly uncertain over whether to seek further gains in equities and protecting capital through safer instruments.

The 30-year US Treasury yield hit a multiyear high of 5.53%, rising amid strong consumer sentiment and expectations of prolonged Fed rate hikes.

The company is also integrating its Office apps—Word, Excel, and PowerPoint—directly into Copilot, enabling users to collaborate on these programs without exiting the AI tool.

The Nifty now trades at about 17.5 times one-year forward earnings, below its 15-year average of around 19.6 times. India's premium over other emerging markets has also narrowed to a 10-year low. So, the market is certainly cheaper than it was.

The US 10-year Treasury yield hits a 19-year high, oil whipsaws on the Iran conflict, and FSSAI's new food labels take on Indian namkeen brands.

Among sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.

This divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.

The retailer, which operates more than 900 locations around the world, has gained ground with competitive prices, large pack sizes and items that are hard to find elsewhere.

As rising oil prices worsen inflationary pressures, equities continued to face headwinds from rising US Treasury yields, which extended gains from Wednesday, when the market saw one of the biggest one-day selloffs since President Donald Trump's April 2025 tariff rollout sent markets into a tailspin.

Meanwhile, oil prices remained elevated despite a modest pullback.Brent crude oil was down 0.93% at $106.04 a barrel at last check, keeping energy prices and their potential impact on inflation and global growth in focus.

The S&P 500 erased its decline after Reuters reported that US and Iranian negotiators are exploring a phased path out of war that would involve Tehran reopening the waterway and Washington lifting its economic blockade.

The Nifty 50 fell to its lowest level in 117 sessions and traded at levels last seen on April 7. The Sensex reached its lowest level in 73 sessions, falling to levels last seen on June 11.