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Sensex, Nifty retreat on lingering geopolitical worries

Press Trust of India  |  Mumbai 

The benchmark dropped by 75 points or 0.23 per cent in morning trade today as losses in pharma, oil&gas, and power stocks widened amid lingering worries over North Korea.

The 30-share index was down by 86.55 points, 0.27 per cent at 32,155.38 at 1130 hrs due to fall in Industries, ITC, PowerGrid and

It had opened weak at 32,207.63 and touched a high of 32,245.28 in early trade. It failed to hold onto the gains and fell further to touch a low of 32,138.38.

Market sentiment was lacklustre amid geopolitical tensions in the wake of North Korea's fresh missile launch that flew over

The S&P Mid-Cap index and the S&P Small-Cap index were down 0.43 per cent and 0.18 per cent, respectively.

The 50-share also trading lower by 34.95 points, 0.35 per cent to 10,051.45 at 1130 hours.

Major losers were, Powergrid 2.20 pct, AsianPaints 1.22 pct, 1.15 pct, Sunpharma 1.06 pct and 1.05 pct, while ONGC rose by 3.29 pct followed by Infosys 1.10 pct, BhartiAirtel 0.88 pct and Coal India 0.75 pct.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1334.23 crore yesterday, as per provisional data released by the stock exchanges.

Domestic institutional investors (DIIs) bought shares worth a net Rs 793.31 crore, as per provisional data.

Overseas, most Asian stocks edged lower after North Korea launched a missile in the direction of the east.

US equities closed mostly lower yesterday, after strong inflation data raised the possibility of tighter monetary policy from the Federal Reserve.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 11:57 IST