Global equity markets are facing renewed pressure as rising bond yields in both the US and Japan trigger concerns over tighter financial conditions and elevated uncertainty. While benchmark indices had been hovering near record highs until recently, the spike in yields, coupled with geopolitical tensions and higher crude oil prices, has started weighing on investor sentiment.
Speaking to ET Now, Pankaj Pandey, Head Research, ICICIdirect.com said the current earnings season has largely remained stable despite volatility in global markets. According to him, largecap earnings growth has been around 9%, while broader markets have shown even stronger momentum.
