Sensex Down 122 Points In Early Trade; Nifty Dips Below 9950

Marsha Scott
August 10, 2017

BSE Sensex was down 91.45 points at 31,922.74 and the 50-share NSE Nifty fell 34.40 points to 9,944.15.

The broader Nifty 50 was down 0.71% at 9,908.05 points and the benchmark Sensex was 0.68% lower at 31,797.84 points while Nifty Next 50 shed almost 492 points or 0.97% at 27,652 points.

Global market fell as geo-political tension between North Korea and U.S. continued to keep risk appetite under check.

The NSE Nifty50, which closed above the psychologically important 10,000-point mark for the first time on July 26, slipped to below that level by the day's close.

Tension flared up between the United States and North Korea over Pyongyang's ballistic missile programme, which cast a shadow on domestic as well as overseas stocks.

Sun Pharma subsidiary Taro's dismal June quarter performance triggered a sharp correction in pharma stocks on the stock exchanges, causing the benchmark indices to end trading with losses for the third straight day on Wednesday. China's Shanghai Composite also moved up by 0.53 per cent.

Wednesday opened negative for both indices with BSE Sensexopening lower than its Tuesday closing.

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Market breadth was in the favour of losers, with about 2 stocks declining to every 1 stock that advanced.

In terms of the broader markets, the S&P BSE mid-cap index declined by 1.66 per cent and the small-cap index by 1.69 per cent.

Total securities that hit their price bands were 137.

Turnover in the cash segment declined to Rs 25,684.76 crore, from Rs 28,333.38 crore yesterday.

A total of 16,471.06 lakh shares changed hands in 9,276,119 trades.

A circular issued by the stock exchanges on Monday said that the capital markets regulator - based on a letter from the Ministry of Corporate Affairs (MCA) - had identified 331 shell companies and that exchanges needed to place the listed entities under Stage VI of the Graded Surveillance Measure (GSM) with immediate effect.

Other reports by MaliBehiribAe

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