Global Market Shock: US 10-Year Yield Surge Triggers Sell-Off, India Braces for Impact

A U-turn in policy expectations drove the US 10 Year bond yield past 4.5%. This wrecked the US markets overnight, impacting all global markets - this is going to spread to India. Taking a stop loss on our longs proved to be a good call - we will evaluate the situation in the next few days and decide the next set of trades. Request you to have patience and not buy into a sudden dip in the markets.