At 9.20am, BSE’s 30-share Sensex dropped 1.5%, or 516.43 points, at 34,896.73 points, while National Stock Exchange’s 50-share Nifty fell 1.52%, or 160.35 points, to 10,416.50 points. Photo: Hemant Mishra/MintMumbai: Benchmark equity index Sensex shed more than 500 points on Friday morning, mirroring yet another day of bloodbath in markets from New York To Tokyo, as investors continued to fret over strong bond yields with US treasuries rising close to four-year highs. At 9.20am, BSE’s 30-share Sensex dropped 1.5%, or 516.43 points, at 34,896.73 points, while National Stock Exchange’s 50-share Nifty fell 1.52%, or 160.35 points, to 10,416.50 points. “The situation is further accentuated by massive increase in volatility (VIX) trading,” said Sanjay Guglani, chief investment officer of Singapore-based Silverdale Funds. Private lender HDFC Bank shed 1.65%, while mortgage lender Housing Development Finance Corp. Ltd shed nearly 2%.

Source: Mint February 09, 2018 03:00 UTC