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Below the Quote on Pre - Markets  08th October 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)

US stock market’s October winning streak came to an end on Wednesday, but the major indexes are still hovering near record levels. ?

Dow Jones fell 341 points, S&P 500 fell 0.2%. Nasdaq dropped 0.2%.

The 10-year Treasury notes were sold at a yield of 5.30%, a payout that will be given to investors for the next decade semi-annually. This yield is 0.018 percentage points below the pre-bidding deadline level, which is another sign of strong demand.?

A brutal meltdown of long-term government bonds had set the stage for the auction. The 10-year yield climbed as high as 5.368% in the morning, a level not seen since 2002. Shortly after the auction, the 10-year yield fell as low as 5.273%, before rebounding slightly.

Traders see an 82.8% chance that the federal funds rate will hold steady, compared to a 17.2% chance of a quarter-point rate hike, On the flip side, traders see just a 16.9% chance of no hike this year.

Nifty 22603.05

For Nifty to turn bullish, we need a decisive breakout above 22740, followed by a sustained close above this level. Until then, we remain cautious on the upside

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