Sensex Crashes Over 1,000 Points, Nifty Below 16,950, in the middle of Ukraine Crisis
The Indian equity guide jumped steeply on Tuesday as stakeholders revolve alert in the middle of the Russia-Ukraine stalemate. Vladimir Putin, Russian president, recognized two separatist regions in Eastern Ukraine, raising concerns about a massive war. Around 9:19 am, the standard BSE Sensex indebriated 1,004 points or 1.74 per cent to 56,680, while the wider NSE Nifty proceeded 285 points or 1.66 percent down to 16,922. Share markets of Asia also fell steeply as Japan’s Nikkei fell 2.34 percent, South Korea’s KOSPI was down 1.72 percent and the Shanghai Composite index dropped 1.36 percent.
Back home, Nifty midcap 100 index moved 1.56% lower whereas smallcap shares shed 1.78% and were trading on a negative note. All the 15 sector standards were assembled by the National Stock Exchange (NSE) which were trading in red. Nifty PSU Bank index fell by 2.59% and Nifty index fell by 2.03%, which shows that they were underperforming.
Tax Collected at Source was the top Nifty loser as the stock rived 2.94% to ₹ 3,610.00. Larsen and Tourbo, Dr Reddy’s, United Phosphorus Limited and Bajaj Finserv were also among the sluggards, on the stocks particular front. On the 30-share BSE platform, Dr Reddy’s, L&T, TCS, Tech Mahindra, HDFC and Bajaj Finserv captured the losses with their shares sliding as much as 3.06%. Sensex had fallen by 149 points or 0.26 percent to close at 57,684 on Monday; whereas Nifty had settled at 70 points or 0.40 percent lower at 17,207.