Indian equity benchmarks posted marginal gains on Wednesday, but the upside was sharply constrained by rising US Treasury yields.
The BSE Sensex and NSE Nifty 50 managed modest advances, yet the broader market sentiment remained cautious as global headwinds intensified.
The divergence in performance highlights the sensitivity of Indian equities to global rate movements.
While large-cap indices held firm, mid-cap and small-cap segments faltered, reflecting investor hesitation amid higher borrowing costs in the US.
The tentative start to the session underscores a broader risk-off posture among traders.
This repricing comes as US 30-year Treasury yields hit levels not seen since 2007, following the Federal Reserve's decision to hold rates steady.