Sensex dips on sell-off, rising US bond yields

Benchmark Sensex declined by nearly 645 points while Nifty retreated to 24,600 level due to selling in IT, oil and FMCG shares amid a global equity rout triggered by surging bond yields and US debt concerns.

- Press Trust of India

MUMBAI:

The 30-share BSE Sensex tanked 644.64 points or 0.79% to settle at 80,951.99 with 27 of its constituents ending lower. The index opened lower and tanked further 1,106.71 points or 1.35% to hit a low of 80,489.92 during the day due to across-the-board selling.

The NSE Nifty tumbled 203.75 points or 0.82% to 24,609.70.

From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards.

IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers.