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Sensex Falls 190 Points On North Korea Tensions, Nifty Holds 9900

04 September 2017

Sensex was down by over 59 points or 0.18% at 31,834.64 while the wider Nifty was down by 6 points or 0.06% at 9,968.45.

Nifty closed at 9,912 level, down by 61 points, while Sensex closed at 31,702 level, down by 189 points in Monday's trading session. ITI was the top loser in the index ending at Rs 97.7 per share, up by 4.17%.

Market breadth was negative with 993 stocks closing higher against 1602 falling on the BSE.

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Brokers said apart from profit booking in recent gainers by investors, a weak trend in Asian markets on mounting geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb, pulled down the indices.

Coal India, Reliance Industries, Oil and Natural Gas Corporation, Lupin and State Bank of India were the top performers on the Sensex.

Meanwhile, Coal India Ltd surged over 3 per cent after the miner said on Friday that the company along with its units produced 37.63 million tonnes of coal in August, beating its target of 36.96 million tonnes.

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According to market observers, heavy selling pressure in banking and auto stocks also weighed heavy on the NSE Nifty50 and the BSE Sensex.

Reports say that the Japanese yen, gold, and sovereign bonds all rose on Monday as North Korea's latest nuclear test provoked the usual shift to safe havens.

France CAC 40 slipped 0.4 percent in early trading to 5,102.26. Japan's benchmark Nikkei 225 edged down 0.9% to finish at 19,508.25 points, while Australia's S&P/ASX 200 lost 0.4% to 5,702 points. Britain's FTSE 100 edged down 0.2 percent to 7,426.98. S&P 500 futures were down 0.4 percent at 2,463.70. South Korea's Kospi dipped 1.2 percent to 2,329.65.

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Sensex Falls 190 Points On North Korea Tensions, Nifty Holds 9900