Published: Sat, September 09, 2017
Tech | By Dwayne Harmon

North Korea jitters push Indian market lower on Wednesday

North Korea jitters push Indian market lower on Wednesday

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,916.20 points, was quoting at 9,946.10 points, up by 29.90 points or 0.30 percent.

Brokers said emergence of buying coupled with a better trend in other Asian markets following overnight gains at the Wall Street lifted the stocks. The BSE Sensex ended the session down by 148 points at 31,662, while the Nifty50 index ended at 9,916 lower by 36 points from its previous close.

The BSE market breadth was bullish with 1,650 advances and 906 declines. However both the indices soon extended losses as Sensex had plunged more than 180 points in the first 10 minutes of trading.

Asian stock markets rose, tracking a recovery in global equities as Wall Street gained overnight after US lawmakers unexpectedly agreed to raise the government debt limit.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Blue-chips have been consolidating in the last one month in line with the havoc in global market and outflows in FII (foreign institutional investors) money". It closed at 64.1275 on Tuesday.

Among BSE sectoral indices, realty index was the star-performer and was up 0.96 per cent, FMCG 0.77 per cent, capital goods 0.71 per cent and auto 0.53 per cent.

Major Sensex losers were: ITC, down 1.89 per cent at Rs 270.35; Tata Motors (DVR), down 1.42 per cent at Rs 211.50; Bharti Airtel, down 1.36 per cent at Rs 397.45; Tata Motors, down 1.17 per cent at Rs 378.90; and Coal India, down 0.96 per cent at Rs 253.

Biggest gainers in the 30-share index were Hero Motocorp (1.16%), Mahindra & Mahindra (1.14%), Dr Reddy'S Laboratories (1.02%), Sun Pharmaceutical Industries (0.95%), Axis Bank (0.75%), and Hindustan Unilever (0.69%).

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