While major central banks are signalling a peaking of their rate hike cycle, there are indications that the tight monetary policy stance could persist for longer than anticipated earlier
A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasury yields to 5% for the first time since 2007 and German 10-year yields to 3%, which could hasten a global slowdown and hurt stocks and corporate bonds.
India Business News: The NSE Nifty 50 index was up 0.49% at 19,531.55, as of 10:09 a.m. IST, and the S&P BSE Sensex climbed 0.54% to 65,579.94. Asian equities edged higher
Nifty closed 0.56 per cent higher on Thursday, while the BSE Sensex gained 0.62 per cent, lifted mainly by auto and IT stocks, , stock market, nifty, sensex, trading, investment, stock prices, US Bond Yields, crude oil prices, it stocks