Expecting Good Budget and Reforms, Indian Markets may remain strong
A spike in U. S. Treasury yields triggered a selloff in equity markets on Wednesday, as investors feared rising funding costs might delay a potential recovery in the world's largest economy. The three main U. S. stock indexes turned negative early afternoon as Treasuries maturing in 10 and 30 years lost over a full point in price, sending yields to six? and nine? month highs, respectively.
