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Fears that the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007

Describing leverage as a weapon of mass destruction (WMD), which results in excess both on the way up and down, Kamath said leverage in times like these usually accentuates the fall. “When markets fall, long leveraged positions are required to bring additional margins, failing which positions are forced to exit resulting in the markets falling even more,” Kamath said on Twitter.

Technical charts hint at some support at 15,670, followed by the 15,400 level, but analysts do not rule out a revisit of sub-15,000 levels. Fundamentally, while analysts believe it is futile to predict a bottom at this stage, given global headwinds, levels around 15,000 on the index would look attractive, analysts said while advising investors to stay light for now.

The Dow Jones Industrial Average dropped 600 points, or 1.9% after it posted its worst week since January. The S&P 500 fell 2.4% and the Nasdaq Composite tumbled 2.8%.

“This market needs to get somewhere close to 14,000 before we can think of the bull market that started in March 2020 resumeing. So until that point, more pains are ahead but we will have an intermediate bounce one more time which will be a little bigger than what we saw between May and June.”

WTI crude futures jumped above $120 per barrel on Monday after Saudi Arabia sharply raised prices for its crude sales in July highlighting tight global supplies.

These are truly testing times for crypto investors as global concerns over inflation, increasing interest rates and a strengthening dollar have impacted the altcoin market," he said.Not only them, other major altcoins have lost over 90 per cent of their value from their respective peaks. Solana, Polkadot, Avalanche, Axie Infinity and Polygon are some of the key inclusions in this wealth eroders’ list.

Bitcoin faced yet another significant correction, falling sharply below $25,000, the lowest in over a year and a half, said WazirX Trade Desk months.Bitcoin has been moving in tandem with the riskier asset class, alike equities. If the crypto markets can move away from being correlated to the traditional markets, it would be a highly optimistic signal, said experts.

The Nifty Realty index was trading 2.68 per cent down at 389.7.

Many investors were baffled why for a capacity coming online only in 2025, cement stocks were getting hammered today! But therein lies the resolution of two questions that have been unanswered for more than a decade now.One, if companies can create capacities under USD80 per ton, why are strategic investors willing to pay twice that?