Wall Street’s main indexes dropped on Thursday as U.S. bond yields climbed to a seven-year high and Cisco’s forecast disappointed, while looming Sino-U.S. trade talks added to the jitters.
U.S. stock index futures were little changed on Wednesday as investors assessed the impact of a surge in bond yields, while growing doubts about the U.S.-North Korea summit also weighed.
Gold prices recovered slightly on short-covering after sliding to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar.
Dollar inched up against a basket of currencies from its lowest level in more than a week as hopes for an easing of global trade tensions pushed US bond yields higher.
The benchmark Sensex ended the week with strong gains, rallying 620.41 points close at 35,535.79, while the broader Nifty ended at 10,806.50, garnering 188.25 points.
Foreigners withdrew money from Asian equity markets for the third consecutive month in April as rising US bond yields and trade tensions between US and China.
European fund managers cut equity holdings to eight-month lows in April, possibly rattled by another tech stock wobble and rising US bond yields.
World markets remained edgy, with shares eking out gains amid concern over the global economic outlook and with U.S. bond yields at four-year highs.
Dollar traded near a 3-1/2-month high against a basket of currencies, bolstered by higher US Treasury yields, led by the 10-year benchmark breaching the 3% threshold.
Rupee nosedived 52 paise against the US dollar, amid surging crude prices coupled with headwinds on the macro-economic front in form of widening trade deficit.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr