Markets fall 1% on rising yields, world cues

Domestic markets on Friday fell almost 1 per cent amid weak world cues and a spike in US bond yields. The benchmark Sensex fell by 487 factors, or 0.95 per cent, to 50,792.08 and the Nifty50 declined by 144 factors, or 0.5 per cent, to hit 15,030.95.
Triggering a sell-off in different markets, US benchmark 10-year yields rose as a lot as 8 foundation factors to cross 1.61 per cent. Market consideration will now flip to the US Federal Reserve’s assembly subsequent week, the place merchants might be on the lookout for any feedback about rising yields, analysts stated.
Meanwhile, extending its gaining streak for the third day in a row, the rupee rose by one other 12 paise to shut at 72.79 towards the US greenback on Friday.