Stock Market Update: M&M and Bajaj Finance are among the top gainers on the Nifty, while the biggest losers are LTIMindtree, Adani Enterprises, Hindalco Industries, Adani Ports, and UPL. The metal, IT, real estate, oil and gas, power, and capital goods sectoral indices all finished lower by two to three percent, while the auto, bank, FMCG, and pharmaceutical sectors all had decreases of one to two percent.
Stock Market update: Sensex and NSE Nifty50
The Nifty was down 260.90 points at 19,281.80, and the Sensex was down 825.74 points at 64,571.88 at the closing. A little over 497 shares rose, 2893 shares fell, and 119 shares remained constant. On October 23, Indian market indices saw a decrease for the fourth straight day, with the Nifty closing below 19,300. The BSE Smallcap Index fell 4%, and the BSE Midcap Index lost 2.5 percent.
Benchmark 10-year U.S. Treasury note above 5.0%
Monday saw a rise in the yield on the benchmark 10-year U.S. Treasury note above 5.0%, reaching the milestone set in July 2007 that it made a fleeting attempt to reach last week. The increase in yields on the 10-year Treasury bond, which is seen as a benchmark for borrowing costs globally and a heaven for investors during difficult economic times, can be attributed to investors factoring in both fiscal slippage and better U.S. growth. After Federal Reserve Chair Jerome Powell stated last week that the robust U.S. economy and competitive employment market might call for tighter financial conditions, long-term yields spiked rapidly.
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