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

All that happened in Tuesday's session

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SI Reporter  |  New Delhi 

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 Sensex 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 ...

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

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

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

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

Sensex heatmap at close Source: BSE

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

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.

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

Broader markets   The BSE Midcap and the BSE Smallcap indices shed 0.8% and 1%, respectively. 

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

Markets at close   The Sensex settled at 31,388, down 362 points, while the broader Nifty50 ended at 9,796, down 116 points. 

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

Nifty PSU Bank leading sectoral loser  Source: NSE

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

Bitcoin value crosses Rs 3 lakh   Bitcoin, a leading crypto currency price has crossed Rs. 3 lakh mark on Indian exchanges today morning. At present price quoted on Zebpay, oldest and largest Bitcoin Indian Exchange is Rs 3,00,230 per unit while globally it just fell from $4500 and quoting at $4370. On Unocoin, another big Indian exchange Rs.3, 02,000 per unit

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

Market Comment   There is good reason for this euro strength to prevail as bouts of risk-off are likely to persist. North Korea’s missile did not fall out of a clear sky; the test launch was likely a ‘retaliation’ to the annual joint military exercises between South Korea and the US, which saw Kim Jong-un as reason to reiterate that the North is also ready should it ever come to an armed conflict. While Japan did not try to shoot down the missile, PM Abe was quick to fire back with words, calling the test launch an “unprecedented, grave and serious threat”. Japan has called an emergency meeting of the UN Security Council (Source: Rabobank International)

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

Oil prices gyrate on US hurricane damage    Flooding from tropical storm Harvey caused ongoing large-scale US refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.   US West Texas Intermediate (WTI) crude rose 30 cents, or 0.6% to $46.87 a barrel, after falling more than 2% in the previous session. International Brent crude futures were up 29 cents, or 0.6% at $52.18 per barrel.

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

Stocks tumble as North Korea tensions escalate; euro tops $1.20   World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.   The pan-European STOXX 600 index fell more than 1% to a six-month low, also weighed down by the surge of the euro above a key level, while US futures fell as much as 0.85% on the missile news before paring losses CLICK HERE FOR MORE global markets

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 Sensex 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 ...

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