Sensex, Nifty post eighth straight fall in longest losing streak in 4 years

Indices down 4% in eight sessions; rising inflation data in Europe sees bond yields soar, putting pressure on global equities

Indian equity benchmarks posted their eighth consecutive day of decline, the longest since May 2019 as economic data from the US and Europe raised fears of aggressive monetary policy for a longer time.

The benchmark Sensex fell 326 points, or 0.5 per cent, to end the session at 58,962. Nifty on the other hand ended the session at 17,304 a decline of 88 points or o.5 per cent. In the last eight sessions, the Sensex declined by 3.8 per cent and the Nifty by 4.1 per cent.

The rising inflation data from France and Spain raised the bets for a