Key Indian equity indices on Friday witnessed the steepest fall since November 2016, on the back of escalating geo-political tensions between North Korea and the U.S., a weak rupee and heavy selling pressure in capital goods, metal and banking stocks. The move can potentially lead foreign portfolio investors (FPIs) away from emerging markets such as India. At 1:06 PM, the Sensex was trading at 32,079.79, down 294 points while the Nifty was at 10,011 points, losing 108 points or 1.07 per cent.
Meanwhile, the rupee fell to four-month low amid FII outflows on expectation of rate hike by the US Federal Reserve loomed investors sentiment. "Investors are also fretting on the impact on fiscal deficit targets if the government were to go overdrive with economic revival plans".
The Indian stock markets which witnessed sluggish trading sessions over the entire week came down crashing after North Korea threatened to test a nuclear weapon in the Pacific.
The broader Nifty fell by 144.80 points, or 1.43 percent to 9,977.10 after moving in range of 10,095.05 and 9,963.25.
The Sensex and Nifty fell on Friday following nervousness in global markets as investors turned cautious following new United States sanctions targeting North Korea and a China credit rating downgrade.
Toshiba to sell chip unit to Japan-US-South Korea group
The special goal entity making the acquisition will be called Pangea and receive about 600 billion yen in loans, the person said. Turning its back on a proposed deal led by Western Digital , Toshiba is set to make around $22 billion from the sale.
The BSE Sensex on Friday plunged 447.60 points as the government's reported plan for Rs 40,000-50,000 crore stimulus spending to revive the slowing economy raised concerns over the fiscal deficit. This is also the weakest closing since September 11 when the index had hit 31,882.16.
Banking stocks were among the top laggards, with the S&P BSE Bankex index declining 1.9 percent.
Following extreme weakness in stocks, the market capitalisation of BSE-listed companies slumped Rs 2,68,853.7 crore to Rs 1,33,40,008 crore. The Indian rupee opened flat at 64.80 per dollar on Friday against its previous close at 64.81 per dollar.
However, the rupee recovered in the intra-day trade to end the day at 64.79 per dollar.
It was followed by SBI 3.73 percent, Tata Steel 3.64 percent, Reliance 3.07 percent, Hero Motoco 2.82 percent, Axis Bank 2.62 percent, Coal India 2.31 percent and L&T 2.27 percent.
Ri reportedly added that "We have no idea about what actions could be taken as it will be ordered by leader Kim Jong Un ". Earlier this month, Pyongyang fired its second missile in as many months over northern Japan into the Pacific Ocean.
The site also points to several photos Kylie posted on SnapChat that show her in uncharacteristically loose-fitting tee shirts. In June, a source told Us Weekly that Kylie and Travis' romance was "serious" and they were "spending a lot of time together".
"You know that we were torn apart in the Civil War - brother against brother, North against South, party against party". Moore's communications director Katie Frost told the Hill he wasn't being racist, but merely referring to the gospel.
Ronaldo went agonisingly close to getting on the score-sheet after 64 minutes as his powerful strike crashed against the upright. Ceballos received a pass from Marco Asensio , fought through a tackle, and shot just inside the post for the opener.
As news of Bradley's death spread online, many members of the music community and fans paid their respects to his memory. Music is how I share my love with the world, and the love that my fans have given back brings me so much joy.
But they come amid a flurry of air, sea and land exercises on the Korean peninsula triggered by the North's missile programme. China and Russian Federation have repeatedly called for a peaceful solution and talks to resolve the issue.
In overseas trading, stock markets across the Asia-Pacific region turned in a lackluster performance during trading on Wednesday. The biggest percentage gain was the telecom services sector's .SPLRCL 2.3 percent jump on merger and acquisition speculation.
In his speech, Trump called the North Korean regime a "band of criminals" and Kim a "Rocket Man" on "a suicide mission" . The dated word choice might come from how Kim's statement was translated by state news agency KCNA, CNN reported.
Although WiFi and Bluetooth can be switched off via the phone's settings , this just doesn't really seem all that practical to us. With Apple software you can essentially drag anything and drop it anywhere on the screen of the iPad.
The UN Secretary General told the premier that Pakistan was very dear to his heart and said he had visited the country many times. Prime Minister Shahid Khaqan Abbasi also held a meeting with Secretary General United Nations Antonio Guterres in NY on Thursday.
HTC U11 Plus Release Date Rumored In Latest Report
Going by the specs details, HTC U11 Plus is expected to come with minimal bezel and 18:9 aspect ratios on display. Now, the internet is talking about HTC's upcoming smartphone and the HTC U11 Plus release date .
China Rejects US Demands For Pressure On North Korea
McMaster said the U.S. would "have to prepare all options" if sanctions prove insufficient to stop the North's weapons drive. Moon will meet Japan's Prime Minister Shinzo Abe and Trump later on Thursday on the sidelines of the U.N.
Aaron Hernandez had severe CTE, researchers say
Hernandez killed himself in April in the jail cell where he was serving a life-without-parole sentence for a 2013 murder . That conviction was vacated following his suicide because Hernandez died before all of his appeals had been heard.
Trump Addresses United Nations
While he is being responsible we're going to be responsible", Haley said during an interview with ABC's Good Morning America . The United States is one out of 193 countries in the United Nations, and yet we pay 22 percent of the entire budget and more.
India, China will reshape world, says Rahul Gandhi
Gandhi said he likes Prime Minister Narendra Modi's idea of "Make in India" but the focus should be on small and medium companies. When asked what he thought was the central challenge facing the country, Gandhi said it was the lack of jobs.