Sensex sheds 656 pts, Nifty ends below 18K amid weak global cues; PSBs soar

Among individual stocks, SBI rose around 2 per cent to end as the top Sensex gainer today

Closing Bell

Benchmark indices ended lower for a second straight day on Wednesday as rising bond yields continued to shift investors away from riskier asset classes. The 10-year US Treasury yield hit 1.9 per cent today, its highest point since December 2019. Brent crude futures, too, topped the $88 per barrel-mark.

Given this, the frontline BSE Sensex index plunged 656 points, or 1.08 per cent, to 60,099. The Nifty50, on the other hand, shut shop at 17,943, down 170 points or 0.9 per cent.

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The broader markets, however, outperformed the headline