On Thursday sensex joined a global selloff, as concerns over rising bond yields resurfaced. Most Asian markets fell 1.5-3 per cent in morning trade and domestic indices were no exception.
The BSE Sensex plunged nearly 750 points in early trade, before recovering some ground. By 9.24 am, the index was quoting at 50,855.03, down 589.62 points or 1.15 per cent. Nifty50 came close to losing the 15,000 but the index recovered later.
The index was later ruling at 15,081.05, down 164.55 points or 1.08 per cent. Analysts said as long the Nifty stays above 15,000, the bias may remain positive.