Sensex suffers its worst single-day fall in 10 months, crashes 3.8%

The Sensex fell 1,939 points, or 3.80 per cent, to end at 49,100 -- its biggest loss since May 4 last year -- while the Nifty closed at 14,529, down 568 points, or 3.76 per cent

India’s benchmark stock indices on Friday saw their worst single-day rout in nearly 10 months as the rising US bond yields took the wind out of the sails of equity markets globally.

The 10-year US Treasury yield rose to as much as 1.61 per cent on Thursday, as against 1.08 per cent at the start of the month, stoking fears that the days of loose monetary policy, which underpinned the stock market rebound from the last year’s lows, could be numbered. Not just in the US, government bond yields have surged in most countries on expectations of rising inflation in