FIIs invest ₹456 crore in Indian stocks, DIIs infuse ₹8 crore even as US bond yields rise to 16-year high
₹8 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹13,645.57 crore of Indian equities, while they sold ₹13,189.36 crore --- resulting in an inflow of ₹456.21 crore on Friday.
Meanwhile, DIIs infused ₹6,870.72 crore and offloaded ₹6,862.19 crore, registering an inflow of ₹8.53 crore. The US 10-year Treasury yields are near their 16-year high level boosted by the prospects of another rate hike.
Federal Reserve Chairman Jerome Powell on Thursday said that more interest rate hikes may be required to bring inflation down to a 2 per cent target because of a tight labour market and resilient US economy. Bond yields are influenced by the Federal Reserve's interest rates.
Experts say bond yields have been rising because of the current trend of higher interest rates. MORE TO COME"Exciting news! Mint is now on WhatsApp Channels
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