Market rout extends to 4th day on rising dollar; Sensex drops over 950 pts

With Monday's fall, the aggregate market capitalisation of all companies listed on the BSE declined by Rs 6.67 trillion to Rs 270.15 trillion

Domestic stocks tumbled for a fourth consecutive session on Monday as the rout in global markets continued with the surging US dollar and Treasury yields creating havoc.

The aggressive monetary stance by the US Federal Reserve saw the 2-year Treasury note notching a 15-year high of 4.2 per cent and the yield on the 10-year note going past 3.8 per cent, an 11-year high. The US dollar continued to scale new highs against most global currencies, including the rupee and the British pound. Experts said the US bond markets were signalling a recession, leading to a pullback from risky assets.