Stock market crash, Sept. 29 -- After trading in a range of 23,000 to 24,000 for more than a month, the Nifty 50 index finally broke down and slipped below 23,000 decisively. Soaring US bond yields, elevated crude oil prices, and buzz about a weak monsoon yield are among the major drags that pulled down the Nifty 50 and other key benchmark indices below their crucial support levels.

According to stock market experts, rising US bond yields, especially the US 10-year bond yield, is the major drag for the Indian stock market. However, the sustained elevation of crude oil prices has renewed inflation fears, which may dent industrial margins and quarterly earnings. They said the US 10-year bond yield has crossed 5%, and any further escalation...