Sensex tanks 826 points as US yield hits 5% after 16 years

The Sensex fell by 826 points due to global factors and a rise in US 10-year treasury bill yields. The Nifty also lost 261 points. Investors are closely watching the Israel-Hamas conflict and the potential impact on crude oil prices. Concerns over elevated interest rates in the US are also affecting the market. Bajaj Finance and M&M were the only winners among the Sensex stocks. Despite the decline, foreign and domestic investors were net buyers in the market. The Nifty is expected to continue its negative trend and could slide further.