Domestic stocks saw a gap-down opening on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 147.77 points or 0.46% at 31,661.78. The Nifty index was down 48.30 points or 0.49% at 9,903.90.
The S&P BSE Mid-Cap index was down 0.31%. The S&P BSE Small-Cap index was down 0.17%. The fall in both these indices was lower than the Sensex's decline in percentage terms.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 895 shares fell and 575 shares rose. A total of 58 shares were unchanged.
Overseas, Asian stocks were trading lower as nations grapple with how to deal with escalating provocations from North Korea. US stocks closed firmly lower yesterday, 5 September 2017 as investors focused on heightened tensions between the West and North Korea and worries about a lack of progress on President Donald Trump's pro-growth agenda.
The case for a continued risk-off tone was supported by a lack of consensus among the US, Russia and China on how to pressure Kim Jong Un to abandon his nuclear ambitions. Russian President Vladimir Putin has rejected US calls for more sanctions, echoing China's resistance to more punitive measures. The standoff between North Korea and the US and its allies escalated over the weekend after Pyongyang said it had successfully tested its largest-ever nuclear bomb.
Back home, Sun Pharmaceutical Industries (down 2.37%), HDFC Bank (down 0.87%) and ITC (down 0.78%) edged lower from the Sensex pack.
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