There is a significant spike in the 10 year US Bond Yields . It is inching towards 5 percent now. Despite the crude recently settling at 85 levels, thus giving the hope that inflation would be controlled. Still there is no fall in the yields.
The gap between 10 year US yield and Indian Yield has reduced. Thus making the Indian Market as unattractive.
I think, this is the last leg of the rally. According to me, a correction of 5-10 pc cant be ruled out.
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