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Bond yields unleash bears, equity indices trade in red
TIWN
TIWN
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Mumbai, March 5 (TIWN) India's key equity indices traded in the red during Friday's mid-afternoon session on the back of weak global cues which emanated from rising global bond yields.
Accordingly,the two indices had a gap down opening on account of weak global cues and high volatility. The India VIX spiked above 25 zones signalling shakiness. Besides, the advance decline ratio slightly tilts towards declining counters. All sectors barring media stocks were seen trading in the negative territory. Among which, banking and metals stocks were the worst hit. Consequently, at around 2.45 p.m. the S&P BSE Sensex fell 510.84 points, or 1 per cent, to 50,335.24 points from the previous close of 50,846.08.
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