Sensex Dives 650 Points, Nifty Below 10700, RIL Shares Fall 5%

The BSE Sensex and NSE’s Nifty 50 opened with heavy losses amid selloff in global equities. The Indian rupee and bond prices plunged further, tracking sell-off in emerging market currencies after US 10-year yield surged on better-than-expected US ADP job and service industry data and federal reserve comments. Asian stocks and currencies sank after a spike in US Treasury yields tested investors’ nerves for equity valuations as Federal Reserve monetary tightening rolls on, reported Bloomberg. Elsewhere, crude is trading near the highest level since 2014, while aluminum in London rose the most since 2011. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961