• Rising US bond yields, stronger USD add to Ind eco and earnings worry as Nifty & Sensex drop to wipe off gains of 2016.
• Yuan drops to 8year low of 6.9 as central bank cuts ref rate for 12th cons session
• Ind bank shares plunge in trade as cash revamp seen threatening profitability.
• Ind gov bonds cont to defy global bond rout , 10 yr Gsec yields fall 13bps to end @6.41 on back of expectation of big rate cut by RBI in Dec meet.
• Crude rallies on renewed OPEC output deal optimism
Brent 47.87
USD/INR 68.16
USD Index 101
IND (O)10yr 6.41(-13bps)
US10yr 2.33
NSE 7929(-1.8%)
FII(-1310 cr)
DII(+1211cr)
