All sectoral indices on BSE drop

The S&P BSE Realty index, the S&P BSE Metal index and the S&P BSE IT were the major losers among the sectoral indices.

Key benchmark indices were trading on a weak note amid global market rout. The barometer index, the S&P BSE Sensex was down 910.29 points or 2.62% at 33,850.60.

Among the sectoral indices on BSE, the S&P BSE Realty index (down 4.13%), the S&P BSE Metal index (down 3.41%) and the S&P BSE IT (down 3.08%), the S&P BSE Bankex index (down 3.04%), the S&P BSE Consumer Durables index (down 3.03%), the S&P BSE Auto index (down 2.94%), the S&P BSE TECK index (down 2.91%), the S&P BSE Healthcare index (down 2.31%), the S&P BSE FMCG index (down 2.14%), the S&P BSE Capital Goods index (down 2.09%), the S&P BSE Power index (down 2.09%) and the S&P BSE Oil & Gas index (down 0.45%) edged lower.

Overseas, Asian shares slumped on Thursday after Wall Street suffered its worst drubbing in eight months.

US stocks slumped to close sharply lower Wednesday as the Dow Jones Industrial Average sank and the S&P 500 had its worst day since February as technology stocks went into a freefall. Investors spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The surge in bond yields made stocks look less attractive compared to bonds while also threatening to curb economic activity and profits.

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