Indian Markets Seek Stability After Sharp Sell-Off as Oil, US Yields Stay High
What Happened
Indian markets entered September 25 cautiously after the Sensex fell 1,247.71 points, or 1.67%, to 73,580.54, while the Nifty dropped 383.70 points, or 1.64%, to 23,063.10 on September 24. Brent crude remained above $105 a barrel early Friday and US Treasury yields stayed above 5%, while foreign investors had sold about ₹5,027 crore of Indian equities in the previous session.
Key Takeaways
High crude prices, elevated US bond yields and continued foreign selling remain key pressures for Indian equities. Domestic institutional investors bought about ₹4,300 crore of shares on Thursday, providing some counterweight to foreign outflows.