Profit

Sensex Falls 100 Points Amid Weak Asian Markets

The Nifty fell below 9,950. Investors also booked profit after three sessions of gains.

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Sensex Falls 100 Points Amid Weak Asian Markets

Top losers among Sensex components were Adani Ports, Dr Reddy's, Kotak Bank and Asian Paints

The benchmark BSE Sensex dropped about 100 points on Monday, tracking weak cues from other Asian markets on escalating geopolitical tensions after North Korea's latest nuclear test yesterday. The Nifty also fell below 9,950. Investors also booked profit after three sessions of gains. The gauge had gained 503.84 points in the previous three sessions. North Korea on Sunday conducted its sixth nuclear test, of what it said was an advanced hydrogen bomb, prompting the threat of a "massive" military response from the United States if it or its allies were threatened.

Brokers said that apart from profit-booking, a weak trend in Asian markets on mounting geopolitical tensions pulled down the indices.

Major losers among Sensex components were Adani Ports, Dr Reddy's, Kotak Bank, Asian Paints, Sun Pharma, Infosys, HDFC Bank, Bharti Airtel, L&T, Hind Unilever, Hero MotoCorp, NTPC, HDFC Ltd, M&M and Tata Steel, falling up to 1.88 per cent.

Among other Asian markets, Japan's Nikkei was down 0.86 per cent while Hong Kong's Hang Seng fell 0.49 per cent in early trade. Shanghai Composite Index, however, was marginally up by 0.08 per cent. The US Dow Jones ended 0.18 per cent higher in Friday's trade.

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