PSU banks sink on rising bond yields; 45 stocks give sell signal
MUMBAI: The rout in global bond markets reverberated in the domestic equity market today as benchmark equity indices registered their worst one-day fall since May.
Globally, stocks fell from Tokyo to London on concerns that the faster-than-expected recovery in global economy in the face of easy monetary policy may stoke inflation, which will force central banks to tighten monetary policy.The Nifty50 index ended 3.8 per cent, or 568.20 points, lower at 14,529.15, while the BSE-Sensex closed at 49,099.99, down 3.8 per cent or 1,939.32 points.In the broader market, though, the sell-off was less intense as the Nifty Midcap 100 and Nifty Smallcap 100 index ended 1.6 and 1.2 per cent lower, respectively.The volatility in the market was sharply higher as reflected in the fear gauge India ...