Bears take control: Sensex slips below 50,000, investors lose Rs 3.7 trn

Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases

The Indian markets fell for a fifth day on Monday as bond yields continued to rise and the possibility of fresh lockdown to tackle the new wave of coronavirus loomed in some states.

The Sensex tumbled 1,145 points, or 2.3 per cent — the most in two months — to end at 49,744, the lowest close since February 2. The index has lost 2,410 points, or 4.6 per cent, in the last five sessions. The Nifty50 index fell to 14,676, down 306 points, or 2.04 per cent. The India VIX (volatility index) surged 14.5 per cent to finish at 25.47.

At the