Mumbai

Benchmark indices, which seemed to be recovering from morning losses, lost ground yet again in the fag-end of the session as investors dumped stocks across the board. Sentiment remained tepid throughout the day after Federal Reserve Chair Jerome Powell said overnight that a half-percentage point rate hike is “on the table” for next month. At close, the Sensex was down 714.53 points or 1.23 per cent at 57,197.15, and the Nifty was down 220.60 points or 1.27 per cent at 17,172. About 1447 shares have advanced, 1882 shares declined, and 115 shares are unchanged.

While Bank, Financial Services, Pharma, and Metal indices were the worst hit (down around 2 per cent each), Auto, FMCG, and IT indices were the least hit sectors, down 0.6 per cent each.

In the broader markets, the BSE MidCap index and Smallcap index slipped 0.7 per cent and 0.4 per cent, respectively.

Meanwhile, in the money market, 10-year government bond yield hardened by 0.46 per cent to hit 7.17 per cent-mark in India. Globally, the 5-year US Treasury yield topped 3 per cent-mark in early deals.