On Thursday, the Indian domestic equity market closed in the red due to negative global cues. The BSE Sensex closed at 65,151.02, down 388.40 points or 0.59%, while the Nifty ended at 19,365.25, down 99.75 points or 0.51%. The decline was attributed to factors such as rising US bond yields, slowing economic growth in China, and concerns about further rate hikes. The US Federal Reserve’s July minutes indicated potential additional tightening of monetary policy to address inflation concerns. Indian government bond yields also rose, impacting the attractiveness of equities for investors. Foreign portfolio investors withdrew over Rs 1,500 crore (net) from the Indian equity market amid the negative sentiment.