Crude Above $107 Drags Nifty Below 23,300 As Rate-Hike Bets Harden
Nifty opened below 23,300 and Sensex shed around 600 points as Brent held above $107 and a hotter US producer price print firmed up rate-hike expectations. US yields sat at multi-year highs, the dollar firmed, gold stayed capped and crypto majors slipped. Realty and rate-sensitives led the fall.
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