The Indian equity indices dove sharply on Thursday as capitalists turned careful after Russian revealed an armed forces operation in Ukraine.

The Indian equity indices plunged dramatically on Thursday as capitalists turned mindful after Russian revealed an army operation in Ukraine. Russian President Vladimir Putin authorized a special military operation in Ukraine’s Donbass region.

As of 9:19 am, the benchmark BSE Sensex tanked 1,458 factors or 2.55 percent to 55,774; while the wider NSE Nifty moved 416 points or 2.43 per cent down to 16,646.

Eastern share markets likewise plunged as Japan’s Nikkei fell 2.17 per cent, South Korea’s KOSPI was down 2.66 percent and also the Shanghai Compound index went down 0.89 percent.

Likewise, Brent oil surged to $100 a barrel for the first time considering that 2014 amidst the Ukraine crisis.

Back residence, mid-and small-cap shares were trading on a negative note as Nifty Midcap 100 index relocated 2.65 percent lower as well as small-cap shares shed 3.06 per cent.

All the 15 sector assesses– compiled by the National Stock Exchange– were trading in red. Cool PSU Bank as well as Nifty Vehicle were underperforming the index by dropping as long as 3.20 percent and also 2.71 per cent, specifically.

On the stock-specific front, Adani Ports was the top Nifty loser as the stock fractured 3.50 percent to 682. Tata Motors, Tata Steel, UPL and also IndusInd Bank were also amongst the laggards.

On BSE, the total market breadth was weak as 270 shares were progressing while 2,378 were declining.

On the 30-share BSE system, Tata Steel, IndusInd Bank, Bharti Airtel, Tech Mahindra, ICICI Bank and also SBI attracted one of the most losses with their shares gliding as high as 3.96 per cent.

Sensex had actually slipped 69 factors or 0.12 per cent to close at 57,232 on Wednesday; while Nifty had relocated 29 points or 0.17 percent reduced to end at 17,063.

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Resources: NDTV

Last Updated: 24 Feb 2022