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The Indian equity markets have erased all its early gains and have slipped in the red after reports stated that media reports stated that US warship entered Chinese waters.
There were also reports that President Donald Trump discussed a "range of options" with top military advisors to reply to North Korea's hostility and avert it from intimidating the US.
Bank Nifty led the decline, as it fell over 1%. PSU banking stocks were the top laggards led by SBI and Bank of Baroda. Even private bank majors like ICICI Bank, HDFC Bank and Kotak bank ended with losses.
HDFC Bank, Reliance Industries, ITC and Infy were the top contributors to the fall in the Nifty.
Barring the IT index all the other sectoral indices ended in the red.
Following were the top gainers in the IT index.
Symbol LTP % Chng
NIFTY IT 10,785 0.6
TCS 2,500 1.7
WIPRO 291 1.4
HCLTECH 910 1.2
Immediate support for Nifty is seen around the 9940 mark which is the 21-DMA.
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