Why is market falling today? Sensex tumbles over 650 points, Nifty below 23,250. 5 factors behind Rs 4 lakh crore wipeout
60-Word AI Digest
Indian equity benchmark indices Sensex and Nifty fell nearly 1% on Thursday, erasing over Rs 4 lakh crore in BSE market capitalisation. Surging US 10-year Treasury bond yields to 19-year highs, heightened US Fed rate hike expectations, and rising crude oil prices above $102 per barrel triggered a sharp market selloff.
Key Takeaways
- Indian equity benchmark indices Sensex and Nifty fell nearly 1% on Thursday, erasing over Rs 4 lakh crore in BSE market capitalisation.
- Surging US 10-year Treasury bond yields to 19-year highs, heightened US Fed rate hike expectations, and rising crude oil prices above $102 per barrel triggered a sharp market selloff.
- Full details and original dispatch available below.
Indian equity benchmark indices Sensex and Nifty fell nearly 1% on Thursday, erasing over Rs 4 lakh crore in BSE market capitalisation. Surging US 10-year Treasury bond yields to 19-year highs, heightened US Fed rate hike expectations, and rising crude oil prices above $102 per barrel triggered a sharp market selloff.
Original Publisher Attribution
This summary was curated from Economic Times.