The Sensex has lost over 1,000 points as a result of the Ukraine crisis, while the Nifty has fallen below 16,400.

  • Feb. 28, 2022, 11:42 a.m.

New Delhi: The Indian equity indices on Monday traded lower in opening deals amid the ongoing Russia-Ukraine conflict. As Western nations escalated sanctions against it, Russian President Vladimir Putin ordered its defence chiefs to put nuclear "deterrence forces" on high alert. Asian markets plunged as Japan's Nikkei fell 0.34 percent, Hong Kong's Hang Seng index was 1.49 percent down, and the Shanghai Composite index dropped 0.28 percent.

As of 9:31 am, the benchmark BSE Sensex fell 1,004 points, or 1.80 per cent, to 54,854; while the broader NSE Nifty moved 268 points, or 1.61 per cent, lower to 16,390.

Mid-and small-cap shares were trading on a negative note as the Nifty Midcap 100 index moved 1.36 per cent lower and small-cap shares shed 2.01 per cent.

Most of the sector gauges, compiled by the National Stock Exchange, were trading in the red. Nifty Auto and Nifty Bank were underperforming the index by slipping as much as 1.99 per cent and 1.92 per cent, respectively.

On the stock-specific front, Tata Motors was the top Nifty loser as the stock cracked 2.99 per cent to ₹ 446. HDFC Bank, Asian Paints, SBI Life, and Hero MotoCorp were also among the laggards. On the

BSE, the overall market breadth was weak as 650 shares were advancing while 2,086 were declining. 

Investors' wealth slumped by more than ₹ 4.09 lakh crore to ₹ 245.93 lakh crore in early trade.

On the 30-share BSE index, Asian Paints, Maruti, HDFC Bank, Dr Reddy's, M & M, and Bajaj Finserv were among the top losers. PowerGrid and Tata Steel were trading in the green

The Sensex had jumped 1,329 points, or 2.44 per cent, to close at 55,859 on Friday; while the broader NSE Nifty had moved 410 points, or 2.53 per cent, higher to settle at 16,658.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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