As Russia invades Ukraine, the Sensex plummets almost 2,700 points
The BSE Sensex fell 2,702.15 points to 54,529.91, while the Nifty fell 815.30 points to 16,247.95, as the Russia-Ukraine situation worsened, denting market confidence.
In accordance with the worldwide market crisis, Indian stock markets closed the day in the negative on Thursday.
The BSE Sensex fell 2,702.15 points to 54,529.91, while the Nifty fell 815.30 points to 16,247.95, as the Russia-Ukraine situation worsened, denting market confidence.
On the Sensex chart, all 30 stocks were down significantly, with IndusInd Bank, M&M, and Bajaj Finance losing as much as 8%.
As Russia announces a military intervention in Ukraine, the rupee falls 109 paise to close at 75.70 (provisional). Gold and crude oil prices both rose, with the latter breaking through the USD 103 per barrel barrier.
On Thursday, Russian President Vladimir Putin announced a military campaign in Ukraine and warned other countries that interfering with the Russian operation would result in unimaginable consequences. He claimed that the attack was necessary to protect people in eastern Ukraine, a justification the US expected he would make to justify an invasion.
Foreign institutional investors continued their selling binge on Wednesday, offloading shares worth Rs 3,417.16 crore in the Indian capital markets, according to exchange data.
