Sensex depreciates 72 pts in early trade

Sensex depreciates 72 points
Sensex depreciates 72 points

The benchmark BSE Sensex depreciated about 72 points in early trade today, on fresh spell of selling by investors, taking weak cues from other Asian markets on escalating geopolitical tensions after North Korea’s latest nuclear test yesterday.

The 30-share index slipped by 71.65 points or 0.22 per cent to 31,820.58. The gauge had gained 503.84 points in the previous three sessions.

The NSE Nifty fell by 21.85 points, or 0.21 per cent, to 9,952.55.

Brokers said a weak trend in Asian markets on mounting geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb, pulled down the indices.

Adani Ports, Dr Reddy’s, Kotak Bank, Asian Paint, Sun Pharma, Infosys, HDFC Bank, Bharti Airtel, L&T, Hind Unilever, Hero MotoCorp, NTPC, HDFC Ltd, M&M and Tata Steel, losing by up to 1.88 per cent were among the major losers.

Among other Asian markets, Japan’s Nikkei was down 0.86 per cent while Hong Kong’s Hang Seng fell 0.49 per cent in early trade. Shanghai Composite Index, however, was marginally up by 0.08 per cent.

The US Dow Jones ended 0.18 per cent higher in Friday’s trade.

-PTC News