Sensex slides 871 pts in two days: Key factors spooking the markets

The S&P BSE Sensex and the Nifty50 indices have declined over 1 per cent in two days as global headwinds derail the rally in equities. Rising bond yields, fears of aggressive rate hikes by global central banks, and Covid-19 scare in China are among the key pain-points for investors.

The 30-pack Sensex index shed 388 points on Tuesday, falling 871 in two days. The NSE Nifty, meanwhile, hit a low of 17,462 in the intra-day deals today, slipping 254 points so far this week.

Analysts expect the markets to remain volatile in the near-term as investors are caught between tighter