Sensex logs more losses, Nifty weakens, in line with Asia

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.)