The benchmark BSE Sensex dropped by
75 points or 0.23 per cent in morning trade today as losses in
pharma, oil&gas, banking and power stocks widened amid
lingering worries over North Korea.
The 30-share index was down by 86.55 points, 0.27 per
cent at 32,155.38 at 1130 hrs due to fall in Reliance
Industries, ITC, PowerGrid and Axis Bank.
It had opened weak at 32,207.63 and touched a high of
32,245.28 in early trade. It failed to hold onto the gains and
fell further to touch a low of 32,138.38.
Market sentiment was lacklustre amid geopolitical
tensions in the wake of North Korea's fresh missile launch
that flew over Japan.
The S&P BSE Mid-Cap index and the S&P BSE Small-Cap
index were down 0.43 per cent and 0.18 per cent, respectively.
The NSE 50-share Nifty also trading lower by 34.95
points, 0.35 per cent to 10,051.45 at 1130 hours.
Major losers were, Powergrid 2.20 pct, AsianPaints
1.22 pct, Axis Bank 1.15 pct, Sunpharma 1.06 pct and Cipla
1.05 pct, while ONGC rose by 3.29 pct followed by Infosys 1.10
pct, BhartiAirtel 0.88 pct and Coal India 0.75 pct.
Foreign portfolio investors (FPIs) sold shares worth a
net Rs 1334.23 crore yesterday, as per provisional data
released by the stock exchanges.
Domestic institutional investors (DIIs) bought shares
worth a net Rs 793.31 crore, as per provisional data.
Overseas, most Asian stocks edged lower after North
Korea launched a missile in the direction of the east.
US equities closed mostly lower yesterday, after
strong inflation data raised the possibility of tighter
monetary policy from the Federal Reserve.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)