Sensex up 130 points, Nifty slips below 22,700 as oil cools, bond yields rise

Indian shares traded mixed on Wednesday as easing oil prices supported sentiment, while surging US bond yields kept investors cautious. The Sensex gained around 130 points, while the Nifty slipped below 22,700 amid weak global cues. Oil prices eased below $104 per barrel after Middle East shipments rebounded, but US bond yields climbed to their highest level since 2002, pressuring equities. FIIs sold Rs 24,054 crores in the last four trading days, intensifying the market correction. Analysts see the sharp correction as a value-buying opportunity for long-term investors, particularly in large banks, capital goods, telecom, and automobiles. Nifty faces immediate support at 22,500, with upside hurdles at 22,900 and 23,100.