Sensex dips 100 pts amid geopolitical tension; Apex Frozen up 5% again

Equity benchmarks continued to trade lower amid geopolitical tensions, dragged by index heavyweight ITC, ICICI Bank and Infosys.

However, Reliance Industries continued to support the market, up over a percent as the stock will trade ex-bonus on September 7.

The 30-share BSE Sensex was down 110.39 points at 31,699.16 and the 50-share NSE Nifty fell 26.75 points to 9,925.45 whereas the BSE Midcap and Smallcap indices gained 0.3-0.5 percent.
About five shares advanced for every four shares falling on the BSE.

Apex Frozen Foods rallied for third consecutive session since listing on Monday. The stock was locked at 5 percent upper circuit again.

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Posted in: Indian Market Tips