US markets were down for the third straight day. Dow Jones was down 290 points. Meanwhile, the US 10-year yield is at the highest level since October 2022. Asian markets fell as investors assess Japan inflation, China’s Evergrande bankruptcy filing.
Nifty is down 3 percent from the July 20 high of 19979. Nifty Bank is down 5 percent from July highs. Heavyweights such as Reliance are down 10 percent in the last one month.
Both foreign and domestic investors sold in cash markets on Thursday. Foreign Institutional Investors (FIIs) sold Rs 1,510 crore, while domestic institutional investors (DIIs) sold Rs 313 crore in cash yesterday. FIIs have sold Rs 10,600 crore in August, so far.
