Market sentiment was dampened by a rebound in oil prices and a sharp rise in global bond yields, and the Nifty 50 Index of India's National Stock Exchange fell to its lowest level since April 2. The biggest decline in this index, which consists of 50 constituent stocks, reached 1.4%, falling below the key support level of 22,400; Reliance Industries, Infosys, and Industrial Credit Investment Bank of India dragged down the index the most. Sudeep Shah, vice president of securities technology and derivatives research at the State Bank of India, said that the 22280-22300 range is an important support area for the Nifty Index. “Once it falls below 22280, the index will fall below the 22110-22130 support range.” Stock markets in neighboring countries such as Indonesia, Australia, and Malaysia also fell sharply.

Market sentiment was dampened by a rebound in oil prices and a sharp rise in global bond yields, and the Nifty 50 Index of India's National Stock Exchange fell to its lowest level since April 2. The biggest decline in this index, which consists of 50 constituent stocks, reached 1.4%, falling below the key support level of 22,400; Reliance Industries, Infosys, and Industrial Credit Investment Bank of India dragged down the index the most. Sudeep Shah, vice president of securities technology and derivatives research at the State Bank of India, said that the 22280-22300 range is an important support area for the Nifty Index. “Once it falls below 22280, the index will fall below the 22110-22130 support range.” Stock markets in neighboring countries such as Indonesia, Australia, and Malaysia also fell sharply.