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BSE Sensex opens in red; down 182 points

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 29 Aug 2017 4:50 AM GMT

Markets open in red ahead of crucial GST council meet
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Mumbai: The Bombay Stock Exchange (BSE) benchmark index of the Indian equities markets on Tuesday opened in red following the rising geo-political tension in Northeast Asia.

According to market observers, heavy selling pressure also weighed on markets' sentiments. Investors divested their positions in banking, automobile and capital goods stocks.

Around 9.35 a.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) traded at 9,855.20 points -- down 57.60 points or 0.58 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,724.84 points, traded at 31,568.07 points -- down 182.75 points or 0.58 per cent from Monday's close at 31,750.82 points.

The Sensex has so far touched a high of 31,739.80 points and a low of 31,568.07 points during the intra-day trade.

On Monday, the benchmark indices closed on a positive note as border tensions between China and India eased and a spurt of buying support was seen in the consumer durables, capital goods and IT stocks.

Consequently, the NSE Nifty 50 on Monday rose by 55.75 points or 0.57 per cent to 9,912.80 points.

Similarly, the Sensex edged-higher by 154.76 points or 0.49 per cent to 31,750.82 points.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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