Sensex tanks 1,248 points and Nifty settles below 23,100

…per cent, InterGlobe Aviation 2.78 per cent, Trent 2.75 per cent, and Mahindra & Mahindra 2.31 per cent. .NTPC ended unchanged. .Brent crude, the global oil benchmark, jumped 2.36 per cent to USD 105.4 per barrel. ." Indian equity benchmarks closed sharply lower on Thursday, with the Nifty-50 and Sensex both falling more than 1.5 per cent, extending losses through the session after opening with a steep gap-down. The selloff was driven by a combination of surging global bond yields and a sharp rebound in crude oil prices ," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. .The US 10-year Treasury yield climbed to around 5.11 per cent, while the 30-year yield touched its highest level since 2004, heightening…

…second-largest IPO, received nearly 6 times subscription on the final day of bidding on Monday, led by strong demand from institutional buyers. .Stock markets rebound amid easing crude oil prices; Sensex up 299 points." Markets came under pressure amid rising bond yields and a rebound in crude oil prices, reflecting heightened global macroeconomic risks. Investor sentiment turned increasingly risk-averse as concerns over the interest rate trajectory intensified, driven by lingering uncertainties around inflation and economic growth ," Vinod Nair, Head of Research, Geojit Investments Ltd, said. .On the domestic front, the insurance and banking sectors remained weak following concerns regarding regulatory reviews of commission structures and their…

…HCL Tech, ICICI Bank and Tata Consultancy Services were the winners. Brent crude, the global oil benchmark, traded 0.90 per cent lower but reached above at the USD 100 per barrel mark to quote at USD 102.2 per barrel. " The sharp spike in Brent crude above USD 102 and the US 10-year bond yield rising to 5.11 per cent will weigh on the market today. So long as these two global headwinds remain, the prospects of a smart recovery in the market appear remote. Today the market's focus will be on the NSE listing, " V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. National Stock Exchange (NSE) is making its market debut on Thursday. The Rs 22,569 crore IPO of NSE received an overall subscription of…