Mumbai, Sept. 24 -- Indian equity markets witnessed sharp selling pressure on Thursday as rising US bond yields, renewed strength in crude oil prices and persistent geopolitical uncertainty weighed heavily on investor sentiment.

The Nifty 50 index closed at 23,063.10, down 383.70 points or 1.64 per cent, while the BSE Sensex ended at 73,580.54, lower by 1,247.71 points or 1.67 per cent.

The sell-off came as Brent crude surged back to around USD 106 per barrel, after declining to around USD 98 per barrel on Wednesday. At the same time, the US 10-year Treasury yield rose to around 5.11 per cent, increasing concerns over inflation, borrowing costs and the pace of global monetary easing.

Vikram Kasat, Chief Business Officer - Advisory and ...