LIVE: Sensex tanks over 400 points, Nifty cracks below 9,900-mark

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25 September 2017

13:57 PM

Sensex plunged 406.10 points or 1.27 percent to 31,516.34.

The benchmark equity index was dragged by banks, metals, auto and pharma stocks.

The 50-share NSE Nifty fell 130.55 points or 1.31 percent to 9,833.85.

12:54 PM

Shares of HDFC Bank Ltd and Larsen & Tourbro Ltd fell 1.5 percent and 2.3 percent, respectively.

The Nifty PSU Bank index was down for a third straight session, sliding as much as 2.8 percent. Andhra Bank and Canara Bank Ltd lost more than 2 percent each.

Tata Steel Ltd was among the top percentage losers on the index, plunging more than 4 percent and pushing the Nifty Metal index lower.

Meanwhile, Shopper`s Stop Ltd climbed to its highest since Feb. 5, 2015 after an Amazon affiliate agreed to buy a stake in the retailer.

11:46 AM

 Sensex was down 322.87 points or 1.01 percent at 31,599.57, and the Nifty down 107.50 points or 1.08 percent at 9,856.90.

11:34 AM

Equity benchmarks remained under pressure in morning as the Sensex was down 287 points at 31,635.31 on likely widening in fiscal deficit target.

The 50-share NSE Nifty declined 102 points or 1.02 percent to 9,862.30 as nine out of 50 stocks were in red.

10:19 AM

Gold prices dropped on Monday, and hovered around one-month lows hit last week, weighed down by a firm U.S. dollar and as concerns over the Korean peninsula eased over the weekend. 
Spot gold fell 0.3 percent to $1,293.35 per ounce at 0418 GMT, not far from last week`s near one-month low of $1,287.61. Prices for the yellow metal dropped about 1.7 percent last week, posting their second consecutive weekly decline. 

10:00 AM

The rupee made a tepid rise of 3 paise to 64.76 against the US dollar in early part of the day as selling of the American currency by exporters and banks gathered pace

09:45 AM

The Sensex of the BSE, which opened at 31,986.40A points, was trading at 31,777.60 points (at 9.20 a.m.), lower 144.84 points or 0.45 per cent from the previous day`s close at 31,922.44 points.

The Sensex touched a high of 32,016.52 points and a low of 31,761.96 points in the trade so far.

09:33 AM

The 30-share BSE Sensex was down 156.59 points at 31,765.85 and the 50-share NSE Nifty fell 41.35 points to 9,923.