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Sensex, Nifty snap four-session gaining streak, down 1% on N Korea tensions

All that happened in Tuesday's session

SI Reporter  |  New Delhi 

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JP Associates, Videocon, others may be referred to NCLT Stocks of JP Associates, Videocon, Ruchi Soya and Uttam Galva etc tanked up to 14% on news reports that these companies will be referred to The National Company Law Tribunal (NCLT) if debt issue does not get resolved by Mid-December. READ MORE Anand James, Chief Market Strategist, Geojit Financial Services   Concerns of heavy floods in the financial capital and the heavy selling by FIIs in equities over the past one month ensured that risk appetite was down to a trickle, especially as Asian markets were in a sea of red following North Korea threats. The speeding process of NPA resolution may provide some respite to the market ahead of the F&O expiry, after it managed to hold the crucial 60-DMA level. Sensex heatmap at close Source: BSE Market breadth   The broad market depicted weakness. There were more than two losers for every gainer on BSE. On the BSE, 1,717 shares fell and 841 shares rose. A total of 142 shares were unchanged. Broader markets   The BSE Midcap and the BSE Smallcap indices shed 0.8% and 1%, respectively.  Markets at close   The Sensex settled at 31,388, down 362 points, while the broader Nifty50 ended at 9,796, down 116 points. 

Snapping four sessions of gains, the benchmark indices logged their biggest percentage fall of the year as the firing of a missile over Japan by North Korea rattled investors, while the F&O expiry of August series due Thursday also hit sentiment.  

The S&P BSE shed 362 points to end at 31,288, while the Nifty50 settled below its crucial 9,800 mark.  

In a sharp escalation of tensions on the Korean peninsula, North Korea fired a missile early on Tuesday that flew over Japan and landed in Pacific waters about 1,180 kilometres (735 miles) off the northern region of Hokkaido.

Overseas, European and tumbled post the development, while the yen jumped to four-month highs against the dollar.

US futures fell as much as 0.85% on the missile before trimming some losses.

First Published: Tue, August 29 2017. 15:34 IST
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Sensex, Nifty snap four-session gaining streak, down 1% on N Korea tensions

All that happened in Tuesday's session

Snapping four sessions of gains, the benchmark indices logged their biggest percentage fall of the year as the firing of a missile over Japan by North Korea rattled investors, while the F&O expiry of August series due Thursday also hit sentiment.  

The S&P BSE shed 362 points to end at 31,288, while the Nifty50 settled below its crucial 9,800 mark.  

In a sharp escalation of tensions on the Korean peninsula, North Korea fired a missile early on Tuesday that flew over Japan and landed in Pacific waters about 1,180 kilometres (735 miles) off the northern region of Hokkaido.

Overseas, European and tumbled post the development, while the yen jumped to four-month highs against the dollar.

US futures fell as much as 0.85% on the missile before trimming some losses.

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