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Higher sovereign bond yields drive up overall borrowing costs in the economy as government securities are the benchmarks used by corporate entities to determine the pricing of their debt issuances.

Accenture, which released its earnings for the three months ended August, guided a meagre 2-5% growth in annual revenue in the backdrop of a subdued business environment for IT services.

The venture capital firm sold 13,60,975 shares of the company at Rs 240 apiece on the BSE, and 4,25,000 shares on the NSE, bulk deals data showed.

The 10-year benchmark 7.18% 2033 bond yield ended at 7.2414% after ending at 7.1704% in the previous session. The yield posted its biggest single-session rise since Nov. 3, 2022.

The Dow Jones Industrial Average fell 30.83 points, or 0.09%, at the open to 33,519.44.

​​The decision to sell off the investment is part of the company’s plan to rebalance its overall portfolio strategy, IHC said.

"On the daily charts, we can observe that the Nifty has closed below the 19,600 – 19,550 zone where multiple supports were placed. This is a sign of further weakness. On the way down it can slip further towards 19,500 – 19,440, which is the 78.6% Fibonacci retracement level of the rise from 19,224 – 20,222. "

​Adani Green Energy reported a revenue growth of 41.3% in Q1FY24. Its net profit also grew by 50.5% to Rs 322 crore, backed by lower operating expenses. However, Adani companies are known for their high debt levels, and this one is no exception. The firm’s interest expense tripled due to debt-backed expansion.

The Nifty Bank index closed 0.64 per cent down at 44300.95.

On the daily charts, we can observe that the Nifty closed below the 19,600 – 19,550 zone where multiple supports were placed. This is a sign of further weakness. On the way down it can slip further towards 19,500 – 19,440 which is the 78.6% Fibonacci retracement level of the rise from 19,224 – 20,222.