<p>The BSE benchmark Sensex nosedived about 1,940 points to settle just above the 49,000-level on Friday, tracking massive sell-offs in world equities after a rout in global bond markets spooked investors.</p>.<p>The 30-share BSE index ended with a loss of 1,939.32 points or 3.80 per cent at 49,099.99.</p>.<p>Similarly, the broader NSE Nifty plunged 568.20 points or 3.76 per cent to close the session at 14,529.15.</p>.<p>All 30 Sensex constituents ended in the red.</p>.<p>ONGC was the top loser, shedding around 6.50 per cent, followed by M&M, Bajaj Finserv, Axis Bank, Kotak Bank, PowerGrid, HDFC Bajaj Finance and ICICI Bank.</p>.<p>Sectorally, banking index suffered maximum loss with over 4.8 per cent drop. Financial and telecom indices too fell sharply by 4.9 per cent and 3.85 per cent, respectively.</p>.<p>Elsewhere in Asia, bourses closed with heavy losses.</p>.<p>Stock exchanges in Europe were also trading with losses in mid-session deals.</p>.<p>Analysts said that rising bond yields seem to have eroded investor interest in riskier equities, adding the bond market cues often reflect in equity markets.</p>.<p>Meanwhile, the global oil benchmark Brent crude was trading 1.16 per cent lower at USD 65.34 per barrel.</p>
<p>The BSE benchmark Sensex nosedived about 1,940 points to settle just above the 49,000-level on Friday, tracking massive sell-offs in world equities after a rout in global bond markets spooked investors.</p>.<p>The 30-share BSE index ended with a loss of 1,939.32 points or 3.80 per cent at 49,099.99.</p>.<p>Similarly, the broader NSE Nifty plunged 568.20 points or 3.76 per cent to close the session at 14,529.15.</p>.<p>All 30 Sensex constituents ended in the red.</p>.<p>ONGC was the top loser, shedding around 6.50 per cent, followed by M&M, Bajaj Finserv, Axis Bank, Kotak Bank, PowerGrid, HDFC Bajaj Finance and ICICI Bank.</p>.<p>Sectorally, banking index suffered maximum loss with over 4.8 per cent drop. Financial and telecom indices too fell sharply by 4.9 per cent and 3.85 per cent, respectively.</p>.<p>Elsewhere in Asia, bourses closed with heavy losses.</p>.<p>Stock exchanges in Europe were also trading with losses in mid-session deals.</p>.<p>Analysts said that rising bond yields seem to have eroded investor interest in riskier equities, adding the bond market cues often reflect in equity markets.</p>.<p>Meanwhile, the global oil benchmark Brent crude was trading 1.16 per cent lower at USD 65.34 per barrel.</p>