Sensex opens 100 points down, Nifty cracks below 10000-mark

Sensex opens 100 points down, Nifty cracks below 10000-mark

Sensex opens 100 points down, Nifty cracks below 10000-mark

A surprise regulatory directive by Sebi, along with broadly negative global cues dragged the key Indian equity indices - the BSE Sensex and the NSE Nifty50 - lower on Tuesday.

Asian shares and US stock futures slipped after Pyongyang said it is considering plans to attack Guam, just hours after US President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury".

The NSE benchmark Nifty extended its losses for the second day to drop below the psychological 10,000-level on emergence of selling mainly in realty and banking space after market regulator Sebi imposed trading restrictions on 331 listed shell companies with immediate effect.

Overseas, Asian stocks took a breather as investors awaited for more clues on global demand and USA interest-rate policy.

At 2.22 pm, the 30-share BSE Sensex was down 148.18 points at 31,866.01 and the broader 50-share NSE Nifty had lost 50.60 points at 9,927.95.

Market breadth was in the favour of losers, with about 2 stocks declining to every 1 stock that advanced.

All sectoral indices ended the day in the red. "European indices like FTSE 100, DAX and CAC 40 traded lower", said Jasani. At 9.15am, the rupee was trading at 63.70 a dollar, down 0.20% from its Friday's close of 63.58.

The gauge has now lost 527.57 points in three sessions.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 841.44 crore, while domestic institutional investors (DIIs) purchased stocks worth Rs 553.17 crore.

The Indian rupee weakened against the USA dollar, tracking mixed Asian currencies market. Nifty Bank was down 0.5 per cent as Yes Bank, ICICI Bank, Bank of Baroda and Axis Bank were under pressure.

In Asia, Japan's Nikkei fell 0.30%, while Hong Kong's Hang Seng rose 0.59% and Shanghai Composite Index edged up 0.07%.

This is published unedited from the IANS feed.

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