Sensex swings 1,200 points on inflation fears; Bharti Airtel falls over 3%

Analysts said investors were booking profits in IT stocks after they gave good returns this year

India’s benchmark indices fell on Tuesday amid rising bond yields and crude oil prices.

The Sensex plunged as much as 1,242 points from the day’s high before recouping more than half the losses in the last hour of trade. The index ended the session at 59,667 with a loss of 410 points, or 0.68 per cent. The Nifty, on the other hand, closed at 17,748, dropping 106 points, or 0.60 per cent.

Rising crude oil prices have stoked inflation worries. Brent crude oil, a benchmark for over three-quarters of the world's traded oil, was hovering near $80 a barrel --