D-Street bulls on backfoot as US jobs data fuels Fed rate hike bets
“Higher treasury yields weighed on the tech sector, with Nasdaq receiving fresh drubbing. Also, escalating US-China tensions, and rising recession fears as Chinese data showing industrial activity weakened in June could dent market sentiment. Technically, Nifty may face a hurdle at the 195,77 mark, while any further escalation could push the index towards the 19,900-20,000 zone,” said Prashanth Tapse of Mehta Equities.
