Sensex drops over 50 pts, Nifty50 tests 9,950; AB Capital tanks 5%, Sun Pharma 1%

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Benchmark indices opened on a cautious note on Monday, as Asian markets tanked up to 1 per cent in morning trade following a fresh nuclear test by North Korea that it claims to be five times more powerful than the one dropped on the Japanese city of Nagasaki in World War II. 

The downside was restricted as investors welcomed the reshuffling of Cabinet for the third, and probably the last time before the 2019 elections. 

At 9.30 am, the BSE Sensex was trading 45.72 points, or 0.14 per cent, lower at 31,846.51. Nifty50 was trading 13.45 points, or 0.13 per cent lower at 9,960.95. The BSE Midcap index and the BSE SMallcap indices rose up to 0.2 percent.