The Sensex today registered more
losses by plunging 325 points on across the board selling amid
weak Asian cues after German Chancellor Angela Merkel won a
fourth term with uneasy coalition to form the next government.
The broader Nifty too was stuck below the 9,900 level to
trade at 9,855.90.
Geopolitical tensions on North Korea and continuous FII
outflows led to nervous moments ahead of derivatives expiry
due on Thursday.
The Sensex traded at 31,597.27 at 1238 hours, down 325.17
points, or 1.02 per cent.
The broader Nifty fell 108.50 points, or 1.09 per cent,
to 9,855.90 at 1238 hours.
Major losers were Adani ports 3.29 per cent, Tata Steel
3.07 per cent, L&T 2.95 per cent and Lupin 2.50 per cent.
Foreign portfolio investors (FPIs) sold shares worth
Rs 1,241.73 crore last Friday, showed provisional data from
the stock exchanges. Domestic institutional investors (DIIs)
bought shares worth a net Rs 521.17 crore.
Overseas, Asian stocks dropped as investors digested
the political developments in Germany and New Zealand over the
weekend. Germany's Merkel's party looks set to remain the
largest entity in the next German parliament.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)