Sensex ends 295 points lower; Nifty settles at 9873-level

The BSE 30-share barometer tumbled 287.50 points or 0.90% to 31,634.94. The gauge had slumped 501.22 points in the previous four sessions

The BSE 30-share barometer tumbled 287.50 points or 0.90% to 31,634.94. The gauge had slumped 501.22 points in the previous four sessions

Geopolitical tensions on North Korea and continuous FII outflows led to nervous moments ahead of derivatives expiry due on Thursday.

The index had fallen 501.32 points in the previous four sessions.

Currency market was also hit with the rupee falling by 15 paise to 64.94 against the USA currency during the day.

BSE Sensex on Monday closed at nearly a month low by plunging 296 points while the Nifty languished below 9,900 as global uncertainties and concerns on the macro-economic front sent bulls scurrying for cover. Meanwhile, the broad based NSE Nifty fell by 91.80 or 0.92% at 9,872.60. Lupin, Tata Steel, ITC and M&M lost up to 2.20 per cent. Coal India climbed 1.20 per cent followed by ICICI Bank.

ONGC, Indiabulls Housing Finance, Vedanta, Sun Pharma and Hindalco are among the gainers, whereas Asian Paints, Hindustan Unilever, BPCL, Dr Reddy's Labs and HDFC are losing sheen in the Nifty50 index. "Foreign portfolio investors sold shares worth a net Rs 1,241.73 crore on Friday, showed provisional data released by the stock exchanges", added Desai. Germany's Merkel's party looks set to remain the largest entity in the next German parliament. Additionally, healthcare, capital goods, metal were the other losers in the sectoral space.

In addition, soaring oil prices, trading at seven-month high of Dollars 56.86 a barrel overseas, impacted the sentiment here, brokers said.

Shares of HDFC Bank Ltd and Larsen & Tourbro Ltd fell 1.5 percent and 2.3 percent, respectively. "The decline is likely to continue with Nifty moving back to 9400 in October".

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