Sensex down 68 points in opening trade as North Korea spooks markets again
.jpg)
The benchmark BSE Sensex dropped by over 68 points in opening trade today, breaking its six- session winning streak due to profit booking in power, metal, consumer durables and healthcare stocks amid weak Asian leads after North Korea launched another missile over Japan.
The 30-share index fell by 68.45 points or 0.21 per cent to 32,173.48. The gauge had rallied 579.96 points in the previous six sessions.
The NSE Nifty too was down by 31.80 points, or 0.31 per cent, to 10,054.80. Brokers said investors booked profits amid a weak trend in Asian markets as geopolitical tensions revived after North Korea fired another missile over Japan's northern island.
Major losers were Sun Pharma, Power Grid, Cipla, Axis Bank, Tata Motors, Kotak Bank, Lupin, Asian Paint, Dr Reddy's, Hindustan Unilever, Wipro, Tata Steel, HDFC Ltd and SBI, declining by up to 1.37 per cent. Among other Asian markets, Hong Kong's Hang Seng shed 0.51 per cent, while Shanghai Composite Index was down 0.34 per cent in early trade.
Japan's Nikkei, however, was up 0.10 per cent. The US Dow Jones ended 0.20 per cent higher yesterday.
Other Latest News
.webp)
The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
.webp)
India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
.webp)
India's antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed.
The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match.
.webp)
As the results for the Maharashtra polls will be announced tomorrow, Shiv Sena (UBT) leader Sanjay Raut on Friday exuded confidence in the victory of the Maha Vikas Aghadi (MVA), saying that around 160-165 MLAs will be elected from MVA.
Reacting to the speculations of the CM face from Maha Vikas Aghadi, Raut asserted that no formula has been made yet for the selection of the CM face as everyone will sit together and choose the CM.
.webp)
The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
An SC bench of Justices BR Gavai and KV Viswanathan said that it would make a decision on the matter during the next hearing without any adjournment.
.webp)
.webp)
.webp)
.webp)
.webp)
