← Go back Apr 04, 2023
U.S. stocks suffered due to speculation of further Fed hikes boosting bond yields and investors remained cautious amid bank earnings. The S&P 500 declined 0.1%, while the tech-heavy Nasdaq 100 fell 0.4% by 1:38 p.m. in New York. Meanwhile, the yield on 10-year Treasuries advanced eight basis points to 3.59%.Crude price fell 2%, while gold price declined 0.4%. Bitcoin lost 2.8% to trade around the $29,500 level.The benchmark indices—Sensex and Nifty—ended their nine-day long rally as weak quarterly results from IT major Infosys Ltd. weighed them down.Indian rupee lost its shine against the U.S. dollar, tracking weakness in domestic equities and a stronger greenback overseas.Foreign investors turned net sellers on Monday, after a ten-day buying spree and offloaded equities worth Rs 533.2 crore. On the other hand, domestic institutional investors turned net buyers, snapping a three-day selling streak and mopped up stocks worth Rs 269.6 crore, according to NSE data.Continue Reading. Read more on Markets by BloombergQuint.
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