Stocks were a bundle of nerves today
as the Sensex plunged over 287 points and the Nifty broke
below the 9,900-mark in opening trade on persistent concerns
about US-North Korea tug-of-war amid foreign capital exit.
All sectoral indices were in the red, dragged down by
capital goods, metal, consumer durables and healthcare,
falling by up to 2.03 per cent.
The BSE 30-share barometer tumbled 287.50 points, or 0.90
per cent, to 31,634.94. The gauge had slumped 501.22 points in
the previous four sessions.
Also, the 50-share NSE Nifty was trading down by 99.80
points, or 1 per cent, at 9,864.60.
Traders said that apart from continuous foreign funds
outflows, selling by retail investors amid lingering North
Korea tensions led to a further drop in the Sensex.
Foreign portfolio investors (FPIs) sold shares worth a
net Rs 1,241.73 crore on Friday, showed provisional data
released by the stock exchanges.
Major losers pulling down the key indices were Adani
Ports, Lupin, Axis Bank, Tata Steel, SBI, L&T, Kotak
Bank, Maruti Suzuki, Sun Pharma, Hero MotoCorp, Coal India and
ONGC, declining up to 3.14 per cent.
Hong Kong's Hang Seng fell 1.16 per cent while Shanghai
Composite shed 0.38 per cent in early trade today.
Japan's Nikkei, however, was up 0.58 per cent.
The US Dow Jones Industrial Average ended 0.04 per cent
down on Friday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.