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All sectoral indices on BSE drop

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The index, the and the S&P BSE IT were the major losers among the sectoral indices.

Key benchmark indices were trading on a weak note amid global market rout. The barometer index, the S&P was down 910.29 points or 2.62% at 33,850.60.

Among the sectoral indices on BSE, the (down 4.13%), the (down 3.41%) and the S&P BSE IT (down 3.08%), the index (down 3.04%), the index (down 3.03%), the index (down 2.94%), the S&P BSE index (down 2.91%), the index (down 2.31%), the index (down 2.14%), the index (down 2.09%), the index (down 2.09%) and the S&P index (down 0.45%) edged lower.

Overseas, Asian shares slumped on Thursday after Wall Street suffered its worst drubbing in eight months.

US stocks slumped to close sharply lower Wednesday as the Dow Jones Industrial Average sank and the had its worst day since February as went into a freefall. Investors spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The surge in bond yields made stocks look less attractive compared to bonds while also threatening to curb economic activity and profits.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 09:39 IST