Sensex dips by 97 points amid rising geopolitical tensions

Sensex dips by 97 points amid rising geopolitical tensions

Geopolitical tensions between India and China at the Ladakh border curbed investors risk appetite, leading equity benchmark indices to close with slight cuts on Wednesday.

The bourses experienced bouts of volatility while the economy opens up after extended lockdowns and COVID-19 cases continue to rise across the country.

At the closing bell, the BSE SandP Sensex was down by 97 points or 0.29 per cent at 33,508 while the Nifty 50 edged lower by 33 points or 0.33 per cent at 9,881.

Sectoral indices at the National Stock Exchange were mixed.

Among stocks, Bharti Infratel plunged by 4.5 per cent to Rs 206.30 per share.

Kotak Mahindra Bank dipped by 2.3 per cent, ITC by 2.2 per cent, Mahindra and Mahindra by 1.9 per cent and Hindalco by 1.6 per cent.