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%.
On the SENSEX chart, IndusInd Bank, ICICI Bank, sbi, PowerGrid and HDFC Bank emerged as the major laggards – falling as 3%.
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 ‘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.