📊 Data Box (as of 08:15 AM IST)
· GIFT Nifty: 23,562.50 ▼ -145.50 points (-0.61%)
· Nifty 50 (Prev Close): 23,643.50 (after a 0.19% dip on Friday)
· India VIX: 18.79 ▲ +0.97% (fear gauge rising)
· Dollar Index (DXY): 99.35 ▲ +0.06%
· US 10Y Yield: 4.59% (jumped sharply)
· Crude WTI: $103.30/bbl
· Gold Spot: $4,540.30/oz
· USD/INR: ₹95.95 (flat)
📰 News That Moves Markets
· Bond Yields Spike: The US 10-year yield jumped to 4.59% as investors price in higher interest rates for longer.
· Fuel Price Hike in India: After a 4-year freeze, petrol (now ₹97.77/litre) and diesel (₹90.67/litre) prices were hiked by over 3% on May 15. This is expected to fuel inflation and put pressure on sectors like auto and FMCG.
· FIIs Remain Net Sellers: Foreign institutional investors (FIIs) have already pulled out a massive Rs 2.64 lakh crore from Indian equities in 2026. This sustained sell-off continues to be a major structural headwind.
· DXY Climbs to 99.35: The Dollar Index is rising, driven by higher US yields and geopolitical tensions, which continues to weigh on emerging markets.
· Trump-Xi Trade Deals: Over the weekend, the US and China signed several trade pacts, including China's commitment to purchase $17 billion in American agricultural goods annually. While positive for global sentiment, its direct impact on today's risk-off mood is limited.
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Disclaimer: This is for informational purposes only and does not constitute financial advice. Options trading involves significant risk. Please consult your financial advisor before making any trading decisions.