The BSE gauge Sensex was trading at 50,405.99.
The BSE benchmark Sensex climbed by over 440 points and the NSE Nifty fell below the major 15,000-level in early trade on Friday due to a slowdown in other Asian markets as global investor concerns continued with the US bond market turmoil.
The BSE gauge Sensex was trading at 50,405.99, showing a decline of 440.09 points or 0.87% in the opening session.
Similarly, the NSE Barometer Nifty was quoted at 14,956, down 124.75 points or 0.83%.
21 of the Sensex shares traded.
Elsewhere in Asia, equity markets continued their decline on Friday following a return to Wall Street amid concerns over rising yields in bond markets.
The game of R16;bond beer versus equity bulls’ in the US market continues with similar reintegration in other developed and emerging markets. The highly valued Nasdaq mean appears to be a short phase of reversal, with a 10% drop from its record high.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The US 10-year yield has again reached 1.575%.
He said that both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) on Thursday influenced market sentiments to sellers.
The Sensex had fallen by 598.57 points or 1.16% on Thursday and the Nifty had dropped 164.85 points or 1.03%.
According to exchange data, foreign investors on Thursday had offloaded equities worth ₹ 223.11 crore in the Indian capital markets on a net basis.
Meanwhile, the global crude oil benchmark Brent was trading up 0.77% at $ 64.32 a barrel.