Markets fall most in 2 weeks on rising yields; Sensex declines 844 points

Rising bond yields and the worsening geopolitical situation saw the Indian indices post their biggest fall in two weeks. The benchmark Sensex finished at 57,147, with a decline of 844 points, or 1.5 per cent, the most since September 26. The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent.

Most global markets, particularly in the US, have seen huge declines following the release of strong jobs data in the US on Friday, but Indian markets had managed to escape with minor cuts. However, the latest fall shows that the domestic markets cannot