Bears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100

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Key Points

The domestic benchmark indices fell prey to a sudden selloff in the early afternoon trade on Wednesday even as the global peers continued to trade higher..

The BSE Sensex gave up 64,000 mark as it tumbled over 600 points while Nifty50 slipped below 19,100 points, down over 180 points...

Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services...

All three major US stock indexes were higher, with interest rate sensitive megacaps providing much of the upside lift as benchmark Treasury yields held steady, comfortably below their recent spike to 5%...

China led Asia's stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger of stimulus..

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