Crude Above $100, Bond Yields Surge: Why Markets Could Remain Under Pressure

Indian markets remain under pressure as crude oil prices stay above $100 a barrel and global bond yields rise to multi-decade highs. The ongoing disruption in West Asia is adding to concerns over inflation and economic growth, while US bond yields above 5% are keeping investors cautious. Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, explains the key factors driving market weakness, including crude prices, bond yields, rate-hike expectations and global uncertainty. The discussion also examines India’s earnings recovery, valuations and domestic macroeconomic indicators, with markets likely to remain cautious until global pressures begin to ease.