Skip to main content

Sensex posts biggest weekly fall as North Korea tension spooks markets

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai Photograph: (Reuters)

Reuters Bengaluru, Karnataka, India Aug 11, 2017, 12.18 PM (IST)

Indian shares fell for a fifth session and ended their worst week in one-and-a-half years after State Bank of India sank following weak June-quarter results, further weakening sentiment in a market reeling under North Korea tensions.

Weakening global risk appetite has sparked a wide round of profit-taking after shares scaled record highs last week.

The benchmark BSE Sensex closed down 1.01 per cent at 31,213.59, its lowest close in over a month.

The broader NSE Nifty ended 1.11 per cent lower at 9,710.80.

Both indices ended nearly 3.5 per cent lower for the week, snapping a five-week winning streak, marking their worst week since mid-February 2016.

Show Comments
  • delete