Sensex Drops 1,200 Points, Nifty Falls Below 23,100 Amid Bond Yield Surge
Indian stock markets faced intense selling pressure on the day, with the Sensex plunging over 1,200 points and the Nifty slipping below the 23,100 mark. Both benchmark indices declined nearly 1.5%, reflecting broad-based investor anxiety. A sharp rise in bond yields to their highest levels in 19 years was identified as a key driver behind the selloff. Elevated bond yields typically make equities less attractive, prompting investors to shift away from stocks.
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