Indian Equity Benchmarks Suffer Seventh Consecutive Week of Losses

The Indian equity benchmarks have seen significant losses for the seventh consecutive week due to high crude prices and elevated US bond yields.

Brent crude has remained above $105 per barrel throughout the week, while WTI crude stayed above $90 per barrel amid ongoing geopolitical uncertainty and concerns over global oil supplies.

The global bond market has continued to exert pressure, with the US 10-year Treasury yield moving above 5.10% during the week.

Analysts note that elevated yields are tightening global financial conditions and making emerging market assets less attractive.