Market Highlights: Sensex tanks over 2,700 points, Nifty settles below 16,250-mark as Russia invades Ukraine

Share/Stock Market Highlights: The topline equity indices on BSE and National Stock Exchange (NSE) fell for the seventh straight session, crashing over 4.7 per cent lower on Thursday tracking a fall in their global peers which fell 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.

he 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.

The benchmark equity indices on BSE and National Stock Exchange (NSE) failed to hold on to their intraday gains and ended lower for the sixth successive session as they slipped over 0.1 per cent on Wednesday amid escalating tensions between Russia and Ukraine.

The S&P BSE Sensex fell 68.62 points (0.12 per cent) to settle at 57,232.06 while the Nifty 50 slipped 28.95 points (0.17 per cent) to end at 17,063.25.

With Thanks Refrence to: https://indianexpress.com/article/business/market/equity-markets-live-updates-stocks-shares-bse-sensex-nse-nifty-russia-ukraine-war-february-24-7787490/