Elevated Yields spook markets | Brent at $99 | Nifty at 3 month low | Opening Bell
US Market On Tuesday
Dow -1.2%
S&P 500 -0.6%
Nasdaq -0.3%
U.S. forces hit 5 Iranian crude tankers in response to assaults on an American warship. Goldman Sachs: Brent crude could exceed $120 a barrel on rising assaults. US 10 yr yield tops 4.8% on inflation fears. All eyes on US inflation knowledge; August PPI seen up 5.4%, CPI up 3.3%. Semiconductor shares buck market weak spot on Tuesday. Intel, Broadcom, AMD up between 3-9%. Asian markets commerce blended; Reward Nifty signifies a adverse begin. Nifty closes at 3-month low with a reduce of 0.6%. Nifty near July 23 low of 23606; Breech might even see check of 23300. Rupee Closes At 94.82/$ Vs Monday’s Shut Of 94.49/$. FIIs Web Promote Rs 123.19 Cr In Equities DIIs Web Purchase Rs1,349.64 Cr In Equities. Russian President Putin To Attend BRICS Summit In New Delhi. Putin to carry bilateral Talks With PM Modi On Friday
