The Russia Ukraine War has resulted in Sensex tank 2700 points today. The topline equity indices on BSE and National Stock Exchange (NSE) fell for the seventh consecutive session, diving over 4.7 per cent lower on Thursday following their global markets which crashed after Russia announced military operations in eastern Ukraine.
Earlier in the day, Russian President Vladimir Putin announced a military operation and warned other countries that any attempt to interfere with the Russian action would lead to “consequences they have never seen.” As Putin spoke, big explosions were heard in Kyiv, Kharkiv and other areas of Ukraine and air sirens went off in Kyiv, indicating that the capital city is under attack.
Russia Ukraine Crisis: Sensex in red for the 7th Consecutive Day
The key benchmark indices extended their opening losses and slipped around 3 per cent each on Thursday Russia-Ukraine War: Russian military operations in two of Ukraine’s eastern regions resulted in a carnage on Dalal Street which dragged the Sensex by over 2,000 point
The S&P BSE Sensex crashed 2,702.15 points (4.72 per cent) to settle at 54,529.91 while the Nifty 50 tumbled 815.30 points (4.78 per cent) to end at 16,247.95. Both the indices had opened around 3 per cent lower and traded in the red throughout the session.
It mostly traded in a range of 3-3.2 per cent cuts however towards the last hour of the session, indices fell further to their day’s low. In the intraday trade, the BSE benchmark fell to a low of 54,383.20 while the NSE barometer touched 16,203.25.
All sectoral indices on NSE ended with sharp cuts. All constituents of Sensex ended in the red. IndusInd Bank, Mahindra & Mahindra, Bajaj Finance, Axis Bank, Tech Mahindra, Maruti Suzuki India, Tata Steel, Bajaj Finserv and HDFC Bank were the biggest losers on Thursday falling in a range of 5.48-7.88 per cent. The volatility index or India VIX on NSE surged 30.31 per cent to 31.9825.