Sensex tanks 223 points on North Korea jitters
The BSE Sensex slumped over 223
points and the NSE Nifty slipped below the 9,900-mark in early
trade today as realty, metal and banking stocks fell amid weak
global cues on lingering worries about North Korea.
The rupee depreciating by 12 paise to 64.24 against the
dollar in early trade had a bearing on market sentiment.
The BSE 30-share barometer dropped by 223.02 points or
0.70 per cent to 31,586.53.The gauge had gained 107.30
points in the previous session.
All sectoral indices led by realty, healhcare, metal and
banking were in the red.
The NSE Nifty was trading down by 69.65 points, or 0.69
per cent, at 9,882.55.
Brokers said that apart from continuous foreign fund
outflows, deep losses at other Asian bourses and the US
markets as investors reacted with dismay to lingering worries
about North Korea nuclear crisis led to a slide in the Sensex.
Major losers that dragged down the key indices were
Sun Pharma, Adani Ports, Dr Reddy's, Infosys, HDFC Bank,
ITC Ltd, ICICI Bank, Tata Steel, Axis Bank and HDFC Ltd,
declining up to 2.37 per cent.
Hong Kong's Hang Seng fell 1.06 per cent, while Shanghai
Composite Index down 0.39 per cent in early trade today.
Japan's Nikkei too was quoting lower by 0.31 per cent.
The US Dow Jones Industrial Average tumbled 1.07 per cent
in yesterday's trade.
(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.