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Treasury yields soared to levels last seen in 2008 as traders braced for the possibility that the Federal Reserve will raise interest rates by 75 basis points next month after executing the first half-point hike since 2000.

FPIs have net sold Rs 13,888 crore worth of stocks so far in June, NSDL data showed. "Basically, the foreigners have taken a view that Indian markets continue to be relatively overvalued in the face of rising inflation and rising global interest rates and they are sellers on all days,” Deepak Jasani, Head of Research - Retail, at HDFC Securities said.

Ethereum is moving to what’s billed as a less-energy intensive process known as proof-of-stake from its current proof-of-work mechanism. Under the system upgrade known as the Merge, so-called solo-staking requires setting up dedicated hardware and holding a minimum amount of 32 Ether, valued at about $54,000, based on current prices

The largest crypto by market cap has been struggling to break over the $31,000 level, indicating the low-risk appetite among the crypto traders since the market and investors have still not recovered from the crash of the previous month.

According to the data, foreign investors withdrew a net amount of Rs 13,888 crore from equities during June 1-10. FPIs have been incessantly withdrawing money from Indian equities since October 2021.Nair attributed the latest FPI outflow to anticipation of a hawkish Federal Reserve meeting.

Much of Wall Street shares the bullish take. This week, Goldman Sachs Group Inc. said it expects Brent to peak at $140 a barrel in the coming months. Morgan Stanley said its most bullish scenario of $150 could be moved higher. The record for Brent is $147.50, set in July 2008.

the markets declined because the idea is that as long as the labor market remains strong, as long as economic activity is moving above what I think consensus estimates are, it implies that the Fed may have to raise interest rates more aggressively.As we move through the next couple weeks and couple months, data that come in hotter than expected, you would expect that the market would greet that more negatively.

“My guess is that these things will take five-six months to stabilise. In these five-six months, one can either not add new money or know that we are adding it for a three-year view or buy a particular stock or mostly not do anything for a few days or weeks. It does not matter. There is no ego in saying that I bought it at the bottom.”

FPIs have net sold Rs 13,888 crore worth of stocks so far in June, NSDL data showed. "Basically, the foreigners have taken a view that Indian markets continue to be relatively overvalued in the face of rising inflation and rising global interest rates and they are sellers on all days,” Deepak Jasani, Head of Research - Retail, at HDFC Securities said.

“We believe India will go through the three decade story which has happened in the case of Japan between 1960 and 1990 and China between 1990 and 2020. Our belief is 2020 to 2050 will be the golden era for India both because of the positive demographics as well as India becoming a saviour of the world in a China plus one strategy.”