Mumbai: Indias equity indices dropped close to 1% on Thursday, as continued strength in global oil prices further squeezed appetite for risk assets.

A surge in US treasury yields overnight to a 16-year high also kept investors on the edge, with market participants weighing the impact of elevated interest rates on equity valuations. BSEs Sensex dropped 610.37 points, or 0.92%, to close at 65,508.32. NSEs Nifty fell 192.90 points, or 0.98%, to end at 19,523.55.