Global bond yields are climbing, prompting investors to re-evaluate market risks. This rise pressures equities, particularly those in the artificial intelligence sector. Experts note markets are reacting to inflation worries and oil price impacts. Investors are also adjusting to new leadership at the US Federal Reserve. This shift suggests a broadening of equity exposure beyond narrow AI plays.
Small & midcaps tumble! Hindustan Copper, Devyani, PI Industries, other stocks fall up to 7%
Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment.