The 10-year Treasury bond yield rose by 203 basis points (bps) from 8.2 per cent on 17 June, 1987 to 10.23 per cent on 15 October, 1987
Shares of HDFC Bank and Reliance Industries declined 4 per cent and 2.23 per cent, respectively, on Wednesday, September 20
While the trend looks fragile, key supports are continuing to bolster the up move
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
The S&P BSE Sensex crashed over 1,000 points to hit day's low of 66,534 levels, while Nifty50 crashed 279 points to day's low of 19,700 levels
Analysts said investors are grappling with central bank policies that may remain hawkish for longer than what was priced in by markets
Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation.
Probe into Hindenburg report promises to be government-led, for the moment
Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
Analysts say that the domestic market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy
A total of four stocks -- Dhani Services, Brightcom Group, Indiabulls Real Estate and Solara Active Pharma Sciences -- have been butchered more than 60 per cent
Top 10 Sensex losers have tanked over 20 per cent, while 5 among these have plunged over 30 per cent since October 2021
Tracking overnight slump in the Wall Street, the worst selloff seen since June 2020, analysts believe that the markets will remain on edge over fears of recession and concerns of a hawkish US Fed
These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
Rising bond yields, fears of aggressive rate hikes by global central banks, and Covid-19 scare in China are among the key pain-points for investors
The Nifty index is now below its 200-DMA level and is near the support zone of 16,800. Severe corrections may happen if it slips below this level
The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.
The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains
Analysts expect the downtrend to be arrested soon and steep correction will lead to value buying at lower levels