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US bond yields hit 19-year high! What's driving the surge and why Nifty, Sensex are feeling the heat? Experts decode

As reported by mint - markets
Rising US Treasury yields above 5.2% have impacted global stock markets, particularly leading to a six-month low for India's Nifty 50. Increased bond yields attract foreign investment, causing pressure on Indian stocks and the Rupee due to FII selling.
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