Key Points
"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..
After stronger-than-expected jobs data in the US spurred concerns of further monetary policy tightening by the Federal Reserve, headline equity indices Sensex and Nifty pulled back from record highs hit in Friday's morning trade...
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...
Analysts say it would be difficult for this rally to sustain since the global market construct is turning unfavourable with major weakness in the developed markets and rising bond yields...
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