Market Highlights: Sensex tanks over 2,700 factors, Nifty settles under 16,250-mark as Russia invades Ukraine

Share/Stock Market Highlights: The topline fairness indices on BSE and National Stock Exchange (NSE) fell for the seventh straight session, crashing over 4.7 per cent decrease on Thursday monitoring a fall of their world friends which fell after Russia introduced navy operations in jap Ukraine. Earlier within the day, Russian President Vladimir Putin introduced a navy operation and warned different nations that any try to intervene with the Russian motion would result in “consequences they have never seen.” As Putin spoke, huge explosions had been heard in Kyiv, Kharkiv and different areas of Ukraine and air sirens went off in Kyiv, indicating that the capital metropolis is underneath assault.

The S&P BSE Sensex crashed 2,702.15 factors (4.72 per cent) to settle at 54,529.91 whereas the Nifty 50 tumbled 815.30 factors (4.78 per cent) to finish at 16,247.95. Both the indices had opened round 3 per cent decrease and traded within the pink all through the session. It principally traded in a variety of 3-3.2 per cent cuts nonetheless in direction of the final hour of the session, indices fell additional to their day’s low. In the intraday commerce, the BSE benchmark fell to a low of 54,383.20 whereas the NSE barometer touched 16,203.25.

All sectoral indices on NSE ended with sharp cuts. All constituents of Sensex ended within the pink. IndusInd Bank, Mahindra & Mahindra, Bajaj Finance, Axis Bank, Tech Mahindra, Maruti Suzuki India, Tata Steel, Bajaj Finserv and HDFC Bank had been the largest losers on Thursday falling in a variety of 5.48-7.88 per cent. The volatility index or India VIX on NSE surged 30.31 per cent to 31.9825.

(with inputs from businesses)