Sensex falls for 3rd straight day, sheds 634 pts; Nifty holds 17,750

Closing Bell

FII selling, rising US bond yields, soaring oil prices, and concerns over inflation have spooked the market. The benchmark S&P BSE Sensex sank for a third straight day on Thursday, falling 634 points to end at 59,465 levels. With this, the 30-pack index has shed 1,844 points in three days.

On the NSE, the Nifty50 dropped 181 points to settle at 17,757. Both the benchmarks fell 1 per cent today.

Analysts, however, expect markets to recover from here on as they have reached their key support zones.

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