If the US Treasury yields continue to rise, inflation continues to climb, and an improving economy pushes central banks to change policy stance, then it may lead to massive foreign fund outflows, forcing India’s share marke
The index has corrected on an average of 9% on every retracement before bouncing back strongly. The recent correction, in ICICI Direct’s view, has helped the index to cool off the overbought condition.
Equity markets traded in the negative territory for the second day straight. Although Sensex and Nifty attempted to pull back from the lows but failed to move out of the red and closed near the day's low.