October 26, 2023Business Desk

Sensex, Nifty post worst day in eight months

The Indian equity benchmarks fell for sixth straight session on Thursday posting their worst day since February 22

Source: Unsplash

Sustained selling by foreign institutional investors after US government bond yield spiked to 5%, highest in 16 years triggered flight of money from emerging markets like India

Source: Republic

The Sensex ended 901 points lower at 63,148 and Nifty 50 index dropped 265 points to close at 18,857

Source: Republic

In last six trading sessions, the Sensex has crashed 4.93 per cent and Nifty 50 index has dived 4.81 per cent.

Source: Unsplash

US Treasury yields were heading back towards 5% on Thursday, dragging shares around the world to multi-month lows

Source: Republic