Markets

sensex today: Sensex tanks above 300 points as markets reel under geopolitical tension

At 1.14 pm, the 30-share BSE Sensex was down 280.85 points at 31,469.97 while the broader 50-share NSE Nifty was at 9.823.20, down by 89.60 points. All the sectoral indices on Nifty were in the red.

| Updated: Aug 29, 2017, 13:49 IST

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Sensex and Nifty were losing more than a per cent in Tuesday’s afternoon trade as the equity markets reeled under weak global cues caused by a missile launch by North Korea.

At 1.47 pm, the 30-share BSE Sensex was down 346.71 points at 31,404.11 while the broader 50-share NSE Nifty was at 9.801.05, down by 111.75 points. All the sectoral indices on Nifty were in the red.

The missile which was fired over Japan, caused its stock index Nikkei to slip to a four-month low.

In early trade, the markets had started trading on a negative note with Sensex opening with a loss of more than 130 points. Both the indices kept extending their losses as the day progressed.

In mid-day trade, all the major stocks were losing with the exception of Dr. Reddy’s which was gaining about half a per cent.

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