Monday Blues: US Bond yields top 5%, scare off Dalal St bulls

Indian stocks plunged on Monday as US 10-year Treasury yields breached 5% for the first time since the Global Financial Crisis. This raised concerns that rising global risk-free rates will increase the risk premium on emerging market assets. Mid- and small-cap shares were hit the hardest, with over 80% of BSE-listed stocks ending in the red.

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