US, N Korea cast a long shadow on markets
Continuing tension between U.S. and North Korean weighted down Indian equity markets as the benchmarks closed more than one per cent lower. While the Sensex lost 317 or one per cent points to close at 31,213, Nifty gave up the crucial 9,800 mark to close at 9,710 - down 109 points or 1.1 per cent. This is the fifth straight session of fall for the Indian benchmarks making it the worst weekly performance since February 2016. During the week, Sensex fell a little more than five per cent, data showed.Interestingly, the broader markets outperformed the benchmark indices on Friday as the BSE Mid- and Small-cap indices closed flat. While BSE Mid-cap was down 0.4 per cent, the BSE Small-cap remained unchanged.The Indian markets, which scaled new heights until last week, have come under selling pressure ever since the tensions between US and North Korea flared up. Not just Indian markets, the deadlock has impacted global equities. US benchmark S&P 500 has lost 1.3 per cent in the week so11-08-2017
