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5-day market slide: Bond yields, West Asia turmoil dampen capital flow

India's market capitalisation has diminished by Rs 14.6 trillion in the past five trading sessions

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Representative Image (Illustration: Binay Sinha)

Sundar Sethuraman Mumbai

3 min read Last Updated : Oct 25 2023 | 11:02 PM IST

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Domestic equity benchmarks continued their slide for the fifth consecutive session as foreign portfolio investors (FPIs) engaged in heavy selling. This was triggered by rising bond yields and the ongoing turmoil in West Asia rattling investors.

The S&P BSE Sensex concluded the session at 64,049, reflecting a loss of 523 points, or 0.8 per cent, while the National Stock Exchange Nifty ended at 19,122, marking a drop of 160 points, or 0.8 per cent. This marks the longest losing streak for both indices since February 2023 when a five-day losing streak occurred.

In the past five sessions, the Sensex has

Topics : Sensex equity FPIs Market news

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