Sensex drops 253 points, Nifty below 10,050

The BSE Sensex dropped by 253.30

points in late morning deals due to across the board sell-off

led by realty, bank, financials and capital goods stocks after

renewed threat of North Korea conducting another hydrogen bomb

test.

The broader Nifty fell below 10,050-level to trade

10,022.15.

The rupee falling to four-month lows amid FII outflows

on expectation of rate hike by the US Federal Reserve loomed

investors sentiment.

The Sensex resumed lower 32,339.50 and hovered in a range

of 32,342.81 and 32,072.31 before quoting at 32,116.74, at

1100 hrs, down by 253.30, or 0.78 per cent.

The broader Nifty fell by 99.75 points, or 0.99 per cent

to 10,022.15 at 1100 hrs.

Major losers were, ICICI Bank 2.11 per cent, Tata Steel

2.05 per cent, Infy 2.01 per cent, HeroMotoco 1.90 per cent,

Coal India 1.81 per cent and Reliance 1.59 per cent.

Foreign portfolio investors (FPIs) sold shares worth

Rs 1,204.95 crore yesterday, as per provisional data released

by the stock exchanges. While, domestic institutional

investors (DIIs) bought shares worth a net Rs 1,416.55 crore,

as per provisional data.

Overseas, Asian trading lower after North Korea's threat

that it could consider testing a nuclear weapon in the

Pacific.

The US stocks declined yesterday as profit booking

emerged after recent winning streak.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)