The bears made a comeback on Dalal Street, reminding investors of last week's drubbing, when the markets opened for trade on Thursday as concerns over spike in bond yields rekindled. The domestic markets, in the first three sessions of this week, had managed to recoup all losses sustained in Friday's session and were eyeing the all-time high levels on the back of strong macroeconomic data and stabilisation of bond yields.
But come Thursday, the US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent, resulting in a 900-point crash on Sensex and a fall