Sensex, Nifty Set To Fall; Wipro, Brightcom, PTC India, IndiGo, Paras Defence In Focus

Stocks fell on Wednesday amid a rise in U.S. Treasury yields and the dollar on expectations of aggressive monetary tightening by the Federal Reserve.

Equities declined in Australia, Japan and South Korea, while US and European futures also fell, after the S&P 500 slid on Tuesday.

At 6:50 a.m., the Singapore-traded SGX Nifty–an early barometer of India’s benchmark Nifty 50–traded 1.08% lower at 17,478 points.

Elsewhere, Bitcoin fell below $19,000. Crude dropped below $87 a barrel, due to demand concerns.