Hot CPI Drives Tech-Led Selloff

US equities fell after hotter CPI reinforced the risk of another Fed hike, pressuring tech and semiconductor stocks. Yields jumped, oil stayed elevated on geopolitical tensions, and Asian markets slid sharply. The rupee strengthened on RBI support.

Nifty eased on profit booking; reclaiming 22,776 is key for renewed upside, with resistance at 23,100 – 23,150 and support at 22,300 maintaining a cautious near‑term tone.