Equities got hammered in early hours Thursday as weak global sentiment, amid escalating war concerns in the Middle East
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Sensex Today: Equities got hammered in early hours Thursday as weak global sentiment, amid escalating war concerns in the Middle East, kept investors on the sidelines.
The S&P BSE Sensex fell 474 points to quote at 65,403 levels, while the Nifty50 opened below 19,550-mark.
Wipro, Hindalco, Tata Steel, JSW Steel, Power Grid, Bajaj Finance, Bajaj Finserv, Titan, UPL, Grasim, Adani Ports, HDFC Bank, M&M, and L&T lost ground on the bourses with up to 3 per cent slide.
Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.7 per cent and 0.4 per cent, respectively.
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Amid a broad-based selling, the Nifty Metal index fell 1.5 per cent, the Nifty Realty dropped 1.24 per cent, and the Nifty Financial Services declined 0.8 per cent.
Global Cues
In Asia, Australia’s S&P/ASX 200 slid 1.33 per cent, Japan’s Nikkei 225 tumbled 1.42 per cent, South Korea’s Kospi was down 1.62 per cent, and Hong KOng’s Hang Seng shed 1.65 per cent.
Overnight, the Dow Jones Industrial Average slipped 0.98 per cent, the S&P 500 slid 1.34 per cent, while the Nasdaq Composite dropped 1.62 per cent.
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US Treasury yields jumped to multiyear highs, with the 10-year Treasury yield breaking above 4.9 per cent for the first time since 2007.
