Domestic equity markets
declined for the third straight week, with benchmark indices BSE Sensex
and Nifty 50 falling by 5.52% and 5.31%, respectively.
Domestic equity markets
declined, weighed down by a sharp rise in crude oil prices, which surged
past $100 per barrel amid escalating geopolitical tensions in West Asia.
Bond yields initially
rose as the Middle East conflict pushed crude oil prices sharply higher,
intensifying inflationary pressures and growth concerns for the domestic
economy.
Yield on the 10-year
benchmark paper (6.48% GS 2035) fell by 2 bps to close at 6.68% from the
previous week’s close of 6.70%.
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