Sensex drops 1.2%, Nifty ends at 15,081 over fresh bond market jitters

Analysts put the bond markets' volatility down to positions taken by some traders betting on the possibility of the US Fed tightening monetary policy

The Indian indices shed over 1 per cent on Thursday, after surging about 5 per cent over the three previous sessions, amid fresh jitters in the US bond market. Most global equities fell following the US markets, particularly the Nasdaq, after bond yields rose for the first time in three days.

The Sensex fell 1.16 per cent, or 599 points, to end at 50,846. It had jumped 2,345 points, or 4.8 per cent, in the previous three sessions. The Nifty50 fell 165 points, or 1.1 per cent, to end at 15,081. Thursday’s fall was triggered by the 10-year US Treasury note,