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A first since 2007: Sensex's yield gap with 10-yr US bond turns negative

The Sensex had an earnings yield of 4.11 per cent on Friday against 4.47 per cent yield on 10-year US government bonds

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4 min read Last Updated : Sep 22 2023 | 10:26 PM IST

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The benchmark BSE Sensex closed with a weekly loss of 2.7 per cent this Friday, its biggest seven-day loss in more than a year.

Prior to this, the index’s worst performance was during the week ended June 17, 2022, when it closed with a weekly loss of 5.4 per cent.

The decline in the broader market was led by a sell-off by foreign portfolio investors.

With their sell-offs on Friday, foreign portfolio investors (FPIs) have turned net sellers in September after being buyers for six consecutive months.

FPIs have now cumulatively sold Indian equities worth $1.53 billion, compared to cumulative

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