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Sensex losses mount on global sell-off, dives 336 pts

The BSE Sensex slumped over 336 points and the NSE Nifty slipped below the 9,800-mark in early trade today following global sell-off triggered by mounting geo-political tensions between the US and North Korea.

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The BSE Sensex slumped over 336

points and the NSE Nifty slipped below the 9,800-mark in early

trade today following global sell-off triggered by mounting

geo-political tensions between the US and North Korea.

Besides, caution ahead of IIP data for June due later in

the day too weighed on the sentiments.

The BSE 30-share barometer tanked 336.46 points, or 1.06

per cent, to 31,194.87.

It had tumbled 794.08 points in the previous four

sessions hit by sliding global sharers due to stand-off

between the US and North Korea, and market regulator Sebi's

directive imposing trading restrictions on suspected 331 shell

companies.

All sectoral indices led by infrastructure, capital

goods, realty, auto, metal and healthcare were in the red.

Also, the NSE Nifty was trading down by 115.90 points, or

1.18 per cent, at 9,704.35.

Brokers said that apart from continuous selling by

investors and sustained foreign fund outflows, deep losses at

other bourses and the US markets as investors reacted with

dismay to escalating North Korea tensions led to a further

slide in the Sensex.

In addition, weakness in the rupee against the American

currency too weighed on the sentiment.

The rupee fell 19 paise to 64.27 against the dollar in

early trade at the forex market.

Major losers that dragged down the key indices were Tata

Motors, L&T, Sun Pharma, Cipla, ONGC, Dr Reddy's, Asian Paint,

Hero MotoCorp, ICICI Bank, Tata Steel, Coal India and Maruti

Suzuki, declining up to 2.87 per cent.

Hong Kong's Hang Seng fell 1.59 per cent, while Shanghai

Composite Index plunged 1.30 per cent in early trade today.

Financial markets in Japan are closed today for a public

holiday.

The US Dow Jones Industrial Average tumbled 0.93 per cent

in yesterday's trade.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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