September 4, 2017 / 6:45 AM / 19 days ago

Sensex, Nifty snap three sessions of gains on Korea tensions

People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009. REUTERS/Punit Paranjpe/File Photo

REUTERS - Indian shares snapped three sessions of gains on Monday as investors sought refuge in safe havens as tensions in the Korean peninsula escalated following North Korea’s sixth and most powerful nuclear test on Sunday.

The Sensex fell 0.6 percent to 31,702.25, while the broader Nifty ended 0.62 percent lower at 9,912.85.

The NSE’s volatility index, the domestic equivalent of the VIX fear gauge, rose as much as 19.53 percent in its biggest intraday percent gain since May 18.

Reporting by Vishal Sridhar in Bengaluru

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