Raja Venkatraman recommends two stocks for 30 September
AI Summary
The recent spike in US Treasury yields is a significant concern for Indian investors, as it signals a shift in capital flows back to US markets, leading to FII outflows from India. This trend, compounded by rising crude prices and persistent inflation, is likely to weigh heavily on rate-sensitive sectors like IT, banks, and metals, which could face further valuation pressures. Retail investors should remain cautious, particularly with the Bank Nifty's struggle to maintain upward momentum, as its performance will be crucial for broader market recovery.
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On 29 September 2026, Indian equities mirrored global jitters as US 10-year Treasury yields surged past 5.2%, their highest since 2007. The spike in yields drew foreign capital back to US debt markets, prompting sustained FII outflows from emerging economies. This pressure dragged the Nifty 50 below 22,600 in early trade, marking a six‑month low, with IT majors like Infosys, Wipro, HCL Tech and Titan leading declines.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 30 September 2026.
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