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Sensex Ends Lower As N. Korean Bomb Tests Drag Global Markets Down


Benchmark indices ended the day lower, as global markets saw a sell-off after North Korea said it has successfully tested a miniaturised hydrogen nuclear device.

Asian markets fell, following the reports, dragging European markets lower. Worries that this could have significant repercussions in the region, including Japan and South Korea saw investors selling stocks.

Sensex Ends Lower As N. Korean Bomb Tests Drag Global Markets Down
The Sensex ended the day lower by 174 points, falling for the third straight session in a row. The Nifty fell 43 points in trade.

Heavyweight ITC was the biggest drag on the indices falling as much as three per cent in trade. Hindalco, ONGC, Tata Steel and Tata Motors were the other losers in trade.

Banking stocks were once again at the receiving end with ICICI Bank the biggest loser dropping almost 2.6 per cent in trade. Axis Bank, PNB and State Bank of India were the other stocks that fell in trade.

Narayana Hrudulaya which got listed today, jumped a huge 36 per cent on listing. Gokaldas Exports rallied 6 per cent after reports of transfer and sale of assets in Bangalore, Hyderabad & Mysore.

Midcap stocks also fell in line with the broader markets with Hindustan Zinc and Biocon among the big losers in trade.

Oil marketing stocks fell on the back of falling crude prices with HPCL and BPCL among the gainers in trade.

Meanwhile, markets across Europe were trading with losses of with the German DAX and the French CAC down almost 1 per cent each.

Read more about: sensex nifty axis bank pnb
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