Indian shares fell notably in early trade Friday after North Korea's foreign minister Ri Yong Ho said the country could consider a nuclear test on an "unprecedented scale" in the Pacific Ocean in response to U.S. President Donald Trump's latest threat to destroy the rogue nation.
Investors also digested a downgrade to China's credit rating by S&P Global Ratings ahead of a critical party congress meeting coming up in October.
The benchmark BSE Sensex was down 227 points or 0.71 percent at 32,141 after closing marginally lower in the previous session.
The broader Nifty index was down 80 points or 0.79 percent at 10,042, with Hindalco, Yes Bank, Indiabulls Housing Finance, GAIL and Vedanta pacing the decliners.
Tata Group stocks were broadly lower after Tata Sons reportedly won shareholder approval to become a private limited company.
Unitech tumbled 2.7 percent after the Supreme Court denied giving an interim bail to its promoters in a cheating case.
A2Z Infra Engineering slid half a percent after its board approved allotment of shares to its lending banks.
NDTV shares jumped 5 percent on reports that SpiceJet's Ajay Singh has picked up a majority stake in the news channel.
Private lender Yes Bank fell nearly 3 percent after cutting around 2,500 jobs, citing digitization and poor performance.
Power Finance Corporation shares lost 1 percent. The state-run company has received shareholder approval to raise up to Rs 65,000 crore via debt.
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