Market close: Nifty 50, Sensex extend losses into second consecutive session; investors lose over ₹2 lakh crore in a day

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Nifty 50 today: Frontline indices the Nifty 50 and the Sensex ended in the red on Wednesday, October 4, extending losses into the second consecutive session, amid a sharp rise in the US bond yields and dollar. Bond markets are witnessing a strong selloff globally, causing yields to rise sharply. "An unrelenting selloff in world government bond markets pushed US 30-year Treasury yields to 5 per cent for the first time since 2007 and Germany's 10-year borrowing costs to 3 per cent on Wednesday, moves that could hasten a global economic slowdown," reported Reuters.

Additionally, caution ahead of the monetary policy outcome kept the market low. The RBI (Reserve Bank of India) MPC (monetary policy committee) meeting is underway and its outcome is due on Friday (October 6). Investors await what the central bank has to say about inflation trajectory and economic growth.

Also Read: RBI likely to maintain status quo on policy rates as inflation still high: Experts Nifty 50 started the day at 19,446.30 against the previous close of 19,528.75 and fell about a per cent to hit its intraday low of 19,333.60. The Sensex opened at 65,330.65 against the previous close of 65,512.10 and declined nearly by a per cent to the intraday low of 64,878.77. Nifty 50 finally ended the day at 19,436.10, down 93 points, or 0.47 per cent, while the 30-share pack Sensex closed with a loss of 286 points, or 0.44 per cent, at 65,226.04.