Sensex, Nifty close down over North Korea tensions, govt's stimulus plan

India's benchmark Sensex fell 1.38 per cent today to close at 31,922.44 and the Nifty too closed down 1.56 per cent at 9,964.40.

The shares were weighed down by banking stocks and speculation over government's plan for stimulus spending over fiscal deficit.

Tensions over North Korea also hit the Indian markets.

The Nifty lost 1.22 per cent this week, while the Sensex fell 1.09 per cent. 

Indian rupee also fell to 65.15 per dollar in intraday trade on speculation of widening fiscal deficit and foreign outflow of funds.