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Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

All that happened in today's trade

SI Reporter  |  New Delhi 

The benchmark indices snapped three-session long gaining spree on Monday, in line with Asian markets, as North Korea’s latest nuclear test prompted investors to seek refuge in safe havens such as gold. North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime’s stand-off with the United States and its allies.

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Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Anand James, Chief Market Strategist, Geojit Financial Services    The North Korean impasse did curtail risk appetite, especially with markets looking for cues to further the uptrend. Markets will however take positive cues from the cabinet reshuffle done over the weekend. It holds the potential for economic reforms reaching ground level, with less than two years before general elections.

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Sectoral trend All but two sectors settled trade in red.   Source: NSE

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Sensex heatmap at close Source: BSE

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Broader markets   The BSE Midcap and the BSE Smallcap indice shed 0.7% each. 

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Markets at close The Sensex was trading at 31,702, down 190 points, while the broader Nifty50 was ruling at 9,912, down 61 points. 

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Nifty regains some lost ground, trades above 9,900 Top five Nifty losers  Source: NSE

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Oil prices fall   Benchmark global oil prices fell on Monday after a powerful North Korean nuclear test triggered a shift away from crude markets to assets perceived to be safer, such as gold.   Brent crude futures, the international benchmark for oil prices, were down 68 cents, or 1.3% at $52.07 a barrel.

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Asian markets   Sunday’s test, and reports from Seoul that Pyongyang was making preparations for another missile launch, sparked another warning from Washington and drove South Korea’s stock market more than 1% lower. Japan’s Nikkei lost almost 1%.    Driven by the Korean losses, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.75%. Hong Kong's Hang Seng was down 0.7%, while China's Shanghai Composite bucked the trend to gain 0.3% at close. 

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Europe trades lower   European markets were trading lower as North Korea's latest nuclear test prompted investors to rush to safe-haven assets. The pan-European STOXX 600 index and euro zone blue chips both fell more than 0.5% on opening before recovering some poise, while the UK’s FTSE slipped 0.2%. 

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Commodities enter super boom cycle   Global commodity markets, especially for resource commodities, have entered a super boom cycle, with no signs of breaks anytime soon. This means that Indian industries would have to bear with high raw material prices; users should prepare to pay more even as, in some cases, the impact is felt with some lag. READ FULL REPORT  

Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

Volatility index    India VIX snapped three-session long losing streak to clock its biggest yearly gain. The index added over 13% to 13.9550.   Source: NSE

First Published: Mon, September 04 2017. 15:33 IST
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Sensex snaps 3-day gaining streak to end 190 pts lower, Nifty at 9,912

All that happened in today's trade

The benchmark indices snapped three-session long gaining spree on Monday, in line with Asian markets, as North Korea’s latest nuclear test prompted investors to seek refuge in safe havens such as gold. North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime’s stand-off with the United States and its allies.

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