India-China standoff pulls down Sensex, Nifty

Mumbai, August 31

Equity benchmarks’ six-session rally got here to a juddering halt on Monday as a flare-up in India-China border tensions hammered investor sentiment.

The BSE Sensex, which made a powerful begin and touched the 40,000-mark within the morning session, surrendered all beneficial properties and plummeted over 1,600 factors from the day’s excessive.

It lastly ended at 38,628.29, down 839.02 factors. Similiary, Nifty tanked 260.10 factors or 2.23 per cent to finish at 11,387.50.

In a recent incident in japanese Ladakh, the Chinese military carried out “provocative military movements” to “unilaterally” change the established order on the southern financial institution of Pangong lake on the intervening evening of August 29-30. — PTI

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