Russia's Military Action On Ukraine Rocked Indian Stock Market, Sensex Plunges 2,000 points
New Delhi: Indian benchmark indices on Thursday witnessed a huge decline following the Russia's military action against Ukraine.
The Bombay Stock Exchange (BSE) fell up to 2,000 points during trading. At 1.25 in the afternoon, it was trading at 55,282.30 with a fall of 1949.76 i.e. 3.41% while Nifty too witness downfall as it trading at 16,461 points, down 602.25 points or 3.53%.
All 30 stocks of Sensex are on red mark and Tata Steel has suffered the most and it declined up to 3.81 per cent in early trade.
In the broader markets, BSE MidCap and SmallCap indices are also on the red mark. All sectoral indices are trading with a downside.
Nifty Realty too has declined the most by four per cent. Nifty PSBs, IT and Auto Metals also declined 3.5 per cent.
All other indices are trading with a decline of 2 per cent. Except Nifty Energy, Auto, PSU Bank, all other sectors have reached below the 200-DMA level.
On the BSE, 2,578 shares declined while only 270 stocks were showing gains. Meanwhile, the price of crude oil at the international level has crossed $100 per barrel for the first time since 2014.
The price of Brent touched $100.04 a barrel while WTI touched $95.54 a barrel.
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