News > Covid surge, yield spike to dampen Indian equities
Covid surge, yield spike to dampen Indian equities
The Free Press Journal | 22/03/2021 08:32 AM | Click to read full article
A surge in the Covid cases, as well as global bond yields, might dampen the key equity indices next week, analysts contended. Accordingly, market watchers, said that the upswing seen late last Friday on account of a rejig in international index weights might not sustain in the coming week.
"US Bond yield moves will be one of the important factors to track. 14,919 remains a strong resistance for the Nifty while 14,529 could be a support."