\n<\/p>\n
Indian shares fell sharply on Thursday as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields.<\/p>\n
U.S. President Donald Trump’s One Big Beautiful Bill Act, which will transform taxes and other federal policies, is amplifying debt and deficit concerns and pushing 30-year Treasury yields to their highest level in 18 months.<\/p>\n
Critics says the mega-bill pairing tax relief with spending cuts would lead to an increase in the U.S. debt and further slow U.S. economic growth.<\/p>\n
Investors also awaited greater clarity on tariff negotiations between the U.S. and other major economies, including India.<\/p>\n
Markets ended off their day’s lows as survey data from S&P Global showed India’s private sector activity expanded at the quickest pace in just over a year in April, spurred by strong foreign and domestic demand.<\/p>\n
The benchmark S&P\/BSE Sensex fell more than 1,000 points in intraday trading before recovering some ground to end the session down 644.64 points, or 0.79 percent, at 80,951.99.<\/p>\n
The broader NSE Nifty index ended down 203.75 points, or 0.82 percent, at 24,609.70, mirroring weak cues from global markets<\/span>. <\/p>\n Second-line stocks outperformed in an otherwise weak market, with the BSE small-cap index closing up 0.2 percent. <\/p>\n The market breadth was weak on the BSE, with 2,154 shares declining while 1,767 shares advanced and 165 shares closed unchanged. <\/p>\n Bajaj FinServ, ITC, Tech Mahindra and Mahindra & Mahindra all fell around 2 percent while IndusInd Bank surged 1.7 percent after declaring its Q4 results. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n