Indian benchmark indices ended lower for a second straight day today(19th January 2022) as rising bond yields continued to shift investors away from riskier asset classes. The 10-year US Treasury yield hit 1.9 percent today, its highest point since December 2019. Brent crude futures, too, topped the $88 per barrel mark.
Given this, the frontline BSE Sensex index plunged 656 points, or 1.08 percent, to 60,099. The Nifty50, on the other hand, shut shop at 17,943, down 170 points or 0.9 percent.
The broader markets, however, outperformed the headline indices with the BSE MidCap index declining 0.34 percent but the BSE SmallCap rising 0.04 percent.
Among individual stocks, SBI rose around 2 percent to end as the top Sensex gainer today. This was followed by Maruti Suzuki, Tata Steel, Axis Bank, Tech M, and M&M. All these stocks were up in the range of 0.3-1.6 percent.
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