The Indian equity indices ended more than 3 percent lower Friday following a sharp selloff in global markets as rising bond yields spooked investors. The Sensex slumped 1939.32 points, or 3.80 per cent to close at 49,099.99, while the Nifty ended at 14,529.15, down 568.20 points, or 3.76 percent. Broader markets, smallcap and midcap indices fell over 1 percent each. All the sectoral indices ended with heavy losses over 1-4 percent. On the Nifty50 index, no stock ended in the green while ONGC, M&M, PowerGrid Corporation, JSW Steel and Hero MotoCorp led the losses.
The Indian equity indices ended more than 3 percent lower Friday following a sharp selloff in global markets as rising bond yields spooked investors. The Sensex slumped 1939.32 points, or 3.80 per cent to close at 49,099.99, while the Nifty ended at 14,529.15, down 568.20 points, or 3.76 percent. Broader markets, smallcap and midcap indices fell over 1 percent each. All the sectoral indices ended with heavy losses over 1-4 percent. On the Nifty50 index, no stock ended in the green while ONGC, M&M, PowerGrid Corporation, JSW Steel and Hero MotoCorp led the losses.