Equity indices extended losses and hit fresh intraday low in mid-afternoon trade. Resurgent worries about rising US bond yields hit global shares. The Nifty slipped below the 15,000 mark. All sectoral indices on the NSE were trading in the red.
At 14:28 IST, the barometer index, the S&P BSE Sensex, tumbled 465.99 points or 0.92% at 50,317.20. The Nifty 50 index slumped 169.15 points or 1.12% at 14,911.60.
Selling was broad based. The S&P BSE Mid-Cap index was down 2.2% while the S&P BSE Small-Cap index tumbled 1.79%.
Both these indices added over 5% each in the past four days.
The market breadth was weak. On the BSE, 951 shares rose and 1964 shares fell. A total of 133 shares were unchanged.