The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent

bear market, sensex, nifty, loss, growth, investment

<strong>Stock market updates:</strong>&nbsp;The bears made a comeback on Dalal Street, reminding investors of last week&#39;s drubbing, as concerns over spike in bond yields rekindled on Thursday. The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent, while in India, the yield on 10-year benchmark government bond rose to 6.26 per cent today, its highest level since April 2020.<br />
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	Effectively, the Euro STOXX 600 was down 0.5 per cent and London&#39;s FTSE slipped 0.6 per cent. In Asia, the MSCI world equity index, which tracks shares in 49 countries, lost 0.5 per cent, the MSCI&#39;s ex-Japan Asian-Pacific shares lost 1.8 per cent, and Japan&#39;s Nikkei fell 2.1 per cent.</div>
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	Back home, the benchmark indices tumbled over 1 per cent to end the session at day&#39;s low. The S&P BSE Sensex settled the day at 50,846 levels, down 598 points or 1.16 per cent. The Nifty50, meanwhile, defended the 15,000-mark and closed at 15,081 levels, down 165 points or 1.08 per cent.</div>
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	As per technical charts, any breach below the 15,000-mark on the Nifty may create shorting opportunities. As regards Sensex, any decisive breakdown below the 50,000-mark may eradicate upside bias. <a href="https://www.business-standard.com/article/markets/nifty-at-15k-should-you-stay-bullish-and-look-for-opportunities-121030400342_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Among individual stocks, UltraTech Cement, Dr Reddy&#39;s Labs, Asian Paints, HUL, and Maruti Suzuki, all up between 0.02 per cent and 4 per cent, were the only gainers on the Sensex. Adani Ports, Shree Cement, Grasim, SBI Life, and Wipro, up in the range of 0.8 per cent to 3 per cent, were the additional gainers on the Nifty.</div>
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	On the downside, HDFC, Bajaj Finance, L&T, Axis Bank, HDFC Bank, and SBI tanked up to 2.5 per cent to end the day as top laggards on the BSE barometer. JSW Steel, Hindalco, Tata Steel, Tata Motors, and Coal India, meanwhile, dragged the Nifty index.<br />
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	That said, the broader markets held their ground firm in this feeble market. The S&P BSE MidCap index settled 0.5 per cent higher, supported by gains in Adani Power, Concor, BHEL, AU Small Finance Bank, and IDBI Bank.<br />
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	The S&P BSE SmallCap index, on the other hand, closed 0.8 per cent higher.&nbsp;</div>

Bears return to D-Street after 3 days; Sensex tanks 598 pts, ends below 51K

Business Standard

Bears return to D-Street after 3 days; Sensex tanks 598 pts, ends below 51K | News on Markets - Business Standard

FIIs, DIIs both turned net buyers on Wednesday

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&gt; Nifty futures on Singapore Exchange traded 278 points down at 8.42 am, indicating a weak start&nbsp;
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	<img align="" alt="SGX" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-10/01/full/sgx-1601523849-85122620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="SGX" width="620" /></div>

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Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in US inventories

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day underpinned alongside a drop in U.S. fuel inventories. Brent crude futures added 11 cents, or 0.2%, to $64.18 a barrel, as of 0148 GMT, after climbing more than 2% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were unmoved at $61.28 a barrel.<br />
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<em>(Source: Reuters)</em>

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	The creep up in benchmark yields weighed on Asian stocks. Australian shares had lost 1 per cent, while Japan&#39;s Nikkei dipped 1.5 per cent.</div>
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US shares had fallen overnight as investors sold off high-flying technology shares to focus on other sectors likely to benefit from an economic recovery. The Dow Jones fell 0.39 per cent, the S&amp;P 500 lost 1.3 per cent, and The Nasdaq dropped 2.7 per cent.

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	The gap between yields on two- and 10-year Treasury notes widened to as much as 135.4 basis points on Wednesday, the most since February 26, when the curve had steepened by the most since 2015. In early Thursday trade, the 10-year Treasury yield crept higher to 1.48 per cent, though off the one-year high of 1.61 per cent struck last week.</div>

Good morning, readers! Welcome to the Business Standard live blog.

Bears return to D-Street after 3 days; Sensex tanks 598 pts, ends below 51K

The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent

FIIs, DIIs both turned net buyers on Wednesday

NSE bulk deal data for Wednesday

BSE bulk deal data for Wednesday

SGX Nifty indicates gap-down start

Rupee check

Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in US inventories

Asian shares crack

US shares fall

US yields rise again

Good morning, readers! Welcome to the Business Standard live blog.