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TMI BlogSensex tumbles 645 pts on global sell-off, rising US bond yields; FMCG, IT shares major losersX X X X Extracts X X X X X X X X Extracts X X X X ..... Sensex tumbles 645 pts on global sell-off, rising US bond yields; FMCG, IT shares major losers X X X X Extracts X X X X X X X X Extracts X X X X ..... 644.64 points or 0.79 per cent to settle at 80,951.99 with 27 of its constituents ending lower. The index opened lower and tanked further 1,106.71 points or 1.35 per cent to hit a low of 80,489.92 during the day due to across-the-board selling. The NSE Nifty tumbled 203.75 points or 0.82 per cent to 24,609.70. From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards. IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers. "The key benchmark indices witnessed declines amid US fiscal concerns that the proposed budget bill could significantly increase the national debt, pushing US treasury yields higher due to tepid long-term bond demand. Adding to the pressure, a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... major credit rating agency’s downgrade of the US credit outlook sparked broad-based selloffs across Asian markets," Vinod Nair, Head of Research, Geojit Investments Limited, said. US bond yields breached the 5 per cent mark while Japanese bond yields surged to 3.5 per cent which prompted sell-off in riskier assets and emerging markets like India. "Indian equities followed their global counter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... parts and witnessed major sell-off after a sharp spike in US and Japanese bond yields made investors risk averse towards equities," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. The BSE midcap gauge declined 0.33 per cent while smallcap index went up by 0.17 per cent. Among sectoral indices, energy dropped the most by 1.25 per cent, followed by FMCG (1.25 per cent), BSE Focu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed IT (1.19 per cent), oil & gas (1.13 per cent), IT (1.09 per cent) and auto (0.87 per cent). Telecommunication and services were the gainers. As many as 2,178 stocks declined while 1,741 advanced and 167 remained unchanged on the BSE. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower. Markets in Europe w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere trading in the negative territory. US markets ended sharply lower on Wednesday. Global oil benchmark Brent crude declined 1.37 per cent to USD 64.02 a barrel. Foreign Institutional Investors (FIIs) turned buyers on Wednesday after a day's breather. They bought equities worth Rs 2,201.79 crore, according to exchange data. The BSE benchmark jumped 410.19 points or 0.51 per cent to settle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at 81,596.63 on Wednesday. The Nifty climbed 129.55 points or 0.52 per cent to 24,813.45. PTI SUM MR MR X X X X Extracts X X X X X X X X Extracts X X X X
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