Markets bear loss 4th day consecutively amid Ukraine crisis
Market jitters over geopolitical tension. Indian indicies suffer loss taking cues from global equity exchanges.
Markets bear loss 4th day consecutively, globally.
Asian equity exchanges suffer deep losses on Monday. Mainly, it is because of persistent geopolitical tension in eastern Europe between Russia and Ukraine. For the fear prevails in West, Europe and US, that on some pretext Russia might try invading Ukraine.
Indian benchmark stock exchanges, BSE sensex and Nifty 50 suffer loss taking global cues.
Initially, domestic indices had started weak. Although, it could regained composure and managed to eliminate some loss. However, the indices could not continue with the momentum.
Why markets bear loss 4th day consecutively?
Due to globally prevailing indecisiveness in geopolitical context, markets were under constant fear. The foreign exchange (Forex) was persistently outflowing which kept the market from regaining vigour.
In India, benchmark bourses ended in red for the 4th day in a row after having a weak opening on Monday.
BSE Sensex drops 700 points before gaining composure due to apparent settlement between Russia and US. Although, the bearish sentiment remains dominant to pull down the index to settle 149.4 points down. 21 entities land in red including Sun Pharma, TCS, ITC, Tech Mahindra, UltraTech Cement, and Titan. While, Wipro, Infosys, PowerGrid, ICICI Bank, HDFC Bank, and Maruti witness a rise of about 1.5%.
Similarly, NSE Nifty dips 69.7 points to close at 17,206.7.
