Sensex falls 708 points as oil and bond yields weigh on stocks
In short
The BSE Sensex fell as much as 708 points, or 0.97%, to 72,064 in Tuesday trade. The Nifty 50 also dropped 210 points, or 0.92%, to an intraday low of 22,570.
This matters because most index stocks were down and the report links the move to higher oil and bond yields. It is still not clear how the market finished the day.
What the reporting says
BSE Sensex fell as much as 708 points, or 0.97%, to 72,064 in Tuesday trade, while Nifty 50 dropped 210 points, or 0.92%, to an intraday low of 22,570. The publisher-supplied summary says most index stocks were in the red and points to rising oil and bond yields as the main factors behind the selloff. The reporting does not say how the market closed or whether the move extended beyond the session.
Why it matters
The BSE Sensex dropped as much as 708 points to 72,064 and the Nifty 50 fell 210 points to 22,570 in Tuesday intraday trade, with most index stocks in the red. The publisher-supplied summary says rising oil and bond yields were the key factors behind the decline. What remains unknown is the closing level and whether any specific sectors or stocks drove the move more than others.