Nifty 50 declines as bond yields rise and risks escalate
pre-market1 source ↓written by the desknot a recommendation
- 50 closed
- 22,780.25
- as rising
- 1.56%
- reached
- 10-year G-Sec yields
- reached
- 7.17%
- remains below
- 50-day SMA
The Nifty 50 closed at 22,780.25, down 1.56% as rising 10-year G-Sec yields reached 7.17%, nearing a two-year high. The index remains below its 50-day SMA of 23,963.37, indicating weak momentum. Key downside levels are 22,552.45 and 22,324.65 for traders to watch.
• Dr Reddy's Laboratories led gainers, up 1.67% to ₹1,221.00.
• Market sentiment is pressured by geopolitical risks and expectations of further RBI rate hikes.
Not investment advice. For informational purposes only.