Mumbai : Indian stock markets are clearly getting affected by the global geopolitical tensions. The Bench Mark index of Bombay stock Exchange(BSE) slumped 1,111.62 points or 3.43 percent in the week under review to settle at 31,213.59, tracking selling in global stocks as investors continued to pare their riskier positions amid rise in geopolitical tensions between the US and North Korea.
Investors were also spooked by the market regulator Securities and Exchange Board of India's (Sebi) directions on 7 August 2017 to the stock exchanges to initiate action against 331 firms that it suspects are shell companies and are listed on the bourses.
The Nifty 50 index also tanked 355.60 points or 3.53 percent to settle at 9,710.80. The BSE Mid-Cap index tumbled 4.6 percent and BSE Small-Cap index slumped 5.41 percent. The decline in the both the indices was lower than the Sensex's fall in percentage terms.
US President Donald Trump has again issued a stern warning to North Korean leader Kim Jong- Un, saying he will "truly regret" any hostile acts against any American territory or ally. He warned that the US will take action against Kim's regime "if he utters one threat, in the form of an overt threat which, by the way, he has been uttering for years, and his family has been uttering for years".
The warning comes after Kim threatened the US this week to fire missiles at Guam after the US sponsored a resolution imposing new economic sanctions on Pyongyang over its missile and nuclear weapons programmes. Trump also said that if Kim does anything with respect to Guam, or any place else that's an American territory or an American ally, he will "truly regret it and he will regret it fast".
Earlier in the day, the US President said military solutions against the nuclear-armed North Korean regime were "locked and loaded" for use if Pyongyang acted "unwisely". "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully (North Korean leader) Kim Jong Un will find another path!" he tweeted.