Banks lead Indian shares lower as high US Treasury yields weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2024
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Source: Reuters
Market Performance: India's benchmark indexes, Nifty 50 and BSE Sensex, fell by 0.71% and 0.57% respectively, primarily due to declines in bank stocks and the impact of rising U.S. Treasury yields on emerging markets.
Sector Movements: Ten out of thirteen major sectors experienced losses, with financials dropping about 1%, while auto stocks decreased by 1.4%. However, JSW Energy and Adani Enterprises saw gains due to specific business developments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
