1. Sensex opens weak as North Korea fires another missile

Sensex opens weak as North Korea fires another missile

Sensex and Nifty dipped in the opening on Friday following the Asian shares as most of them fell in early trade after North Korea fired another missile over Japan into the Pacific Ocean today.

By: | Updated: September 15, 2017 9:38 AM
BSE Sensex lost 34 points to open at 32,207.63 points while NSE Nifty shaved off 24 points to open at 10,062.35 points. (Image: Reuters)

Sensex and Nifty dipped in the opening on Friday following the Asian shares as most of them fell in early trade after North Korea fired another missile over Japan into the Pacific Ocean today. North Korea launched an intermediate-range missile that flew 3,700 kilometers (2,300 miles), setting off alarms as it flew over Japan to land in the Pacific Ocean. The launch was the latest sign of Pyongyang’s willingness to defy international opinion as it moves closer to building up a military arsenal targeting US forces, Associated Press reported. BSE Sensex lost 34 points to open at 32,207.63 points while NSE Nifty shaved off 24 points to open at 10,062.35 points. The 30-share barometer Sensex lost as much as 68 points to hit a day’s of 32,173.48 points.

Shares of Coal India (up 1.65%), Adani Ports (up 1.4%), Infosys (up 0.78%), TCS (up 0.6%), ONGC (up 0.91%), and ICICI Bank (up 0.53%) were the major gainers on the benchmark Sensex today while Tata Motors (down 0.79%), Asian Paints (down 0.74%), and Axis Bank (down 0.67%) were the major laggards. The stocks of heavyweight companies such as HDFC, HDFC Bank, Axis Bank, and Kotak Mahindra Bank contributed the most to the Sensex decline. Collectively these 4 stocks alone washed off about 36 points from Sensex while shares of Infosys, TCS, ONGC, L&T, and Coal India trimmed the losses. Most of the sectoral indices of NSE were trading in the red with losses up to 0.85% while Nifty IT was trading 0.34% higher.

ICICI Lombard General Insurance yesterday raised Rs 1,625 crore from anchor investors ahead of its initial share sale opening today. The leading insurer would allot shares to 64 anchor investors at Rs 661 apiece — upper end of the IPO price band. Nomura, Abu Dhabi Investment Authority, Kuwait Investment, Goldman Sachs, Reliance Nippon, DSP BlackRock and Franklin Templeton are among the anchor investors.

Rising shares of Boeing pulled the Dow Jones Industrial Average up to a record high on Thursday, while the S&P 500 fell as investors saw higher-than-expected inflation increasing the chances of an interest rate hike, Reuters reported. The Dow’s third consecutive all-time high was driven in part by Boeing, which rose 1.36% after Deutsche Bank raised its price target on the aerospace and defense stock. The Dow rose 0.2% to end at 22,203.48 points, while the S&P 500 lost 0.11% to 2,495.62 points. The Nasdaq Composite dropped 0.48% to 6,429.08 points, hurt by a 0.86% decline in Apple.

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