Key Indian equity indices trade in red during afternoon session

Mumbai, Aug 29 (IANS) Key Indian equity indices were trading in the red during the afternoon session.

The 30-scrip Sensitive Index (Sensex), was trading at 298.19 points or 0.94 per cent lower during the afternoon trade.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 93.50 points or 0.94 per cent lower at 9,819.30 points.

"Snapping four sessions of gains, Indian stock markets fell sharply on Tuesday, tracking selloff in Asian markets after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. US stock futures and Asian share markets tumbled on Tuesday," said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

The Sensex of the BSE, which opened at 31,724.84 points, was trading at 31,452.63 points (at 1.03 p.m.), lower 298.19 points or 0.94 per cent from the previous day's close at 31,750.82 points.

The Sensex touched a high of 31,739.80 points and a low of 31,446.65 points in the trade so far.