Money and Markets in 5 Minutes
A rough day. US bond yields at a 19-year high, Brent crude back above $105 and new insurance commission proposals pushed every major sector lower, with financials hit hardest. The rupee weakened to 95.96 per dollar. One bright spot: NSE listed and closed its first day above its issue price.
Why it matters
A 1.6% fall feels big, but for goals years away, one day's move changes very little.