Sensex tumbles 599 points in line with global meltdown

Sensex fell 599 points as compared to the previous day's close to end at the day at 50,846.08. Nifty lost 164.85 points.

Snapping its three-session winning run, the BSE Sensex plunged by around 599 points to crack below the key 51,000-level on Thursday amid a meltdown in global shares triggered by a surge in US bond yields. Intra-day, the 30-share BSE index fell as much as 905 points before ending the session at 50,846.08, showing a decline of 598.57 points or 1.16 per cent. The broader NSE Nifty too closed with a loss of 164.85 points or 1.08 per cent at 15,080.75.