Nifty breaches 10,000, Sensex slips 340 pts on North Korea

All sectoral indices were in red as Nifty Auto, FMCG, Metal and PSU Bank and Private Bank lost 0.4-1 percent.

Equity benchmarks cracked further in afternoon as the Nifty breached psychological 10,000 level, tracking global weakness on likely another missile test by North Korea and after rating agency S&P downgraded China’s credit rating.

The 30-share BSE Sensex was down 335.18 points or 1.04 percent at 32,034.86 and the 50-share NSE Nifty was down 125.80 points or 1.24 percent at 9,996.10.

About four shares declined for every share rising on the BSE.

12:25 pm Gold policy: The Centre is open to cut gold import tax further after slashing it to 5-6%, reports NewsRise.

It expects the Watal-led panel to submit a report on gold policy by December 31.

12:10 pm Listing on Monday: Construction company Capacit’e Infraprojects will make a debut on exchanges on September 25. The issue price is fixed at Rs 250 per share.

The Rs 400-crore initial public offering of Capacit’e has oversubscribed 183.03 times.

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