Punjab Newsline | New Delhi
Indian equity markets witnessed heavy selling pressure on Thursday, with benchmark indices ending the session sharply lower amid a surge in bond yields and widespread weakness across sectors.
The BSE Sensex plunged 1,247.71 points, or 1.66 per cent, to close at 73,580.54. The NSE Nifty also declined 383.71 points, or 1.64 per cent, settling at 23,063.10. The market opened on a weak note and remained under pressure throughout the trading session as investors continued to offload stocks.
By the end of the day, the Sensex closed near the 73,600 mark, while the Nifty slipped below the 23,100 level. The sharp one-day fall highlighted the intensity of selling across the broader market.
A key factor weighing on investor sentiment was the sharp rise in bond yields, which climbed to a 19-year high. Higher bond yields can make fixed-income investments more attractive compared to equities, prompting investors to reduce risk exposure in the stock market.
Sector-wise, all major indices ended in the red. Banking and financial stocks were among the worst performers, putting significant pressure on the benchmark indices. The Nifty Private Bank and Nifty Financial Services indices fell by nearly 2 per cent during the session.
Market participants remained cautious amid concerns over rising yields and the broader impact on equity valuations, resulting in a broad-based sell-off across sectors.
