Indian stock markets look cheaper than those in the US based on a key valuation measure. Despite being above historical averages, Indian markets are considered fairly valued. This is due to strong earnings growth and positive economic outlook. Bond yields have also fallen, supporting this view. Higher market valuations are expected in the coming quarters.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.