Wednesday was another day of fall for benchmark stock indices Sensex and Nifty as US 10-year bond yields spiked and dollar hit four-month high against a basket of major currencies, ahead of US CPI inflation data later in the day.

The Nifty 50 continued its downward trend for the fourth consecutive trading session, closing 1.07% lower at 23,883 points. Similarly, the Sensex ended the day in the red, shedding 1.03% to finish at 78,

The Indian equity markets continued to show weakness on Wednesday as the benchmark indices opened in the red. The BSE Sensex dropped over 350 points, trading at 78,015.13 (−660.05 ), a decline of 0.84%.

At the opening bell, the BSE Sensex was down 167 points, or 0.21 per cent, at 78,507.87, while the Nifty 50 was at 23,820, down 62 points, or 0.26 per cent. Among the 30 constituent stocks in the BSE Sensex,