Dalal Street Sees Sharp Sell-Off as Oil Prices, Bond Yields Rattle Markets
What Happened
Indian equities ended sharply lower on Thursday as rising crude oil prices, higher US bond yields, and global risk-off sentiment triggered broad-based selling. The Sensex fell 1,247.71 points (1.67%) to close at 73,580.54, while the Nifty 50 dropped 383.70 points (1.64%) to 23,063.10.
Key Takeaways
The market witnessed a broad-based correction as Brent crude climbed above $105 per barrel and US Treasury yields remained above 5%, raising concerns about inflation and global liquidity. Investors may remain cautious in the near term until oil prices stabilize and global macro pressures ease.