Equities fall as U.S. bond yields rise on Fed stance
The Hindu
Indian equity benchmarks dropped by more than 1% for the second straight session on Thursday on concern that rising U.S. bond yields in the wake of the Federal Reserve’s dovish policy stance could herald foreign fund outflows.
Amid widespread selling pressure, the S&P BSE Sensex slumped 585 points, or 1.17%, to close at 49,217. The NSE Nifty 50 index slid 163 points, or 1.11%, to 14,558. Both the indices fell for the fifth consecutive session. Analysts said the rising U.S. bond yields could spur an outflow of funds.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












