MUMBAI: Rising crude oil prices on Wednesday pulled down the sensex by 555 points to close at 59,190, weakened the rupee to near the 75-to-a-dollar level, a level not seen in the last six months and pushed up the yield on 10-year government bond to 6.28%, near to its 18-month high mark.
The rising US government bond yield, fear of central banks’ liquidity support in several countries and withdrawal of funds by foreign funds also are making Dalal Street traders jittery. The day’s session on D-Street left investors poorer by Rs 2.5 lakh crore with BSE’s market cap now at Rs 264.9 lakh crore. At the close of the day’s session, 27 of the 30 sensex stocks closed in the red, BSE data showed.
