The benchmark Sensex plummeted 267
points to hit a one-month low of 31,531 and the Nifty crashed
below 9,900 today as investors exited, unnerved by sliding
global shares due to stand-off between the US and North Korea.
Both fell for the fourth straight day.
North Korea upped the ante, defying the US President's
"fire and fury" warning and threatening to strike its military
base in Guam. The markets have already been reeling under the
regulatory clampdown after Sebi's Monday directive imposing
trading restrictions on suspected shell companies.
After opening lower, the Sensex recovered, but only to
slip again to hit a low of 31,422.80 before settling down
266.51 points, or 0.84 per cent, at 31,531.33. The level was
last seen on July 7 when it ended at 31,360.63.
The gauge had lost 527.57 points in the previous three
The Nifty after shuttling between 9,776.20 and 9,892.65,
ended the day lower by 87.80 points or 0.89 per cent at
Lower-than-expected earnings by Tata Motors, Eicher
Motors and a few other companies dampened risk appetite. Tata
Motors emerged as the top loser among Sensex constituents.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)