Sensex tanks almost 300 points; Nifty drops below 9900 mark

Amid ongoing tussle between United States and North Korea,

Amid ongoing tussle between United States and North Korea, the sensex plunged over 287 points and the Nifty broke below the 9,900-mark in opening trade riding on foreign capital exit. All sectoral indices were in the red, dragged down by capital goods, metal, consumer durables and healthcare, falling by up to 2.03 per cent. The BSE 30-share barometer tumbled 287.50 points, or 0.90 per cent, to 31,634.94. The gauge had slumped 501.22 points in the previous four sessions. Also, the 50-share NSE Nifty was trading down by 99.80 points, or 1 per cent, at 9,864.60.

Traders said that apart from continuous foreign funds outflows, selling by retail investors amid lingering North Korea tensions led to a further drop in the Sensex.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,241.73 crore on Friday, showed provisional data released by the stock exchanges.

Major losers pulling down the key indices were Adani Ports, Lupin, Axis Bank, Tata Steel, SBI, L&T, Kotak Bank, Maruti Suzuki, Sun Pharma, Hero MotoCorp, Coal India and ONGC, declining up to 3.14 per cent.

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