Sensex Drops 330 Points On Reports S Korea Fired Missiles Into The Sea

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A fresh bout of selling emerged in the global markets after reports that South Korea's military fired missiles into the sea as tensions mounted on the Korean peninsula. Indian markets had already opened the day lower as Asian markets fell, after North Korea tested a Hydrogen Bomb and the latest launch by South Korea escalated tensions. The latest missile launch into the seas by South Korea was meant to simulate an attack on the North's main nuclear test site a day after Pyongyang detonated its largest ever nuclear test explosion.The Sensex was trading lower by 331 points at 31,563 points, while the Nifty was down 110 points in trade at 9,863 points at 12.20 pm.

Sensex Drops 330 Points On Reports S Korea Fired Missiles Into The Sea
Metal and mining stocks were the biggest gainers in trade today from the larger cap space. NMDC and Coal India saw their share prices rallying with the latter being the top gainer from the Sensex space. The stock was up 2.11 per cent in trade. Bharti Airtel continued its decline for a second day in a row and the stock was the top loser from the Sensex space.

Apex Frozen Foods got its shares listed today with the shares up at Rs 203 as against its IPO price of Rs 175. Stocks from the Rail sector were in the limelight after hopes that the new Railway Minister, Piyush Goel would increase capital expenditure.

Shares in Infosys was weak after reports that some of the founders including Narayana Murthy and Nanda Nilekani had tendered their shares in the open offer.

Meanwhile, the rupee was last seen trading at 64.13 to the dollar. Check all currency rates here

Read more about: sensex, nifty
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