India's Stock Markets Slump Amid Rising US Yields and High Crude Prices

Indian stock markets are in correction mode, sliding 4.5% from their August peaks amid rising US bond yields and high crude oil prices.

The surge in US 10-year Treasury yields, which have neared the critical 5% threshold at approximately 4.97%, has made Indian investors re-evaluate corporate valuations.

Higher energy costs and borrowing rates are putting pressure on profit margins, with Brent crude oil prices climbing above $100 per barrel, recently touching $110.