Explorer

Sensex Tanks 1,113 Points, Nifty Below 16,900 Amid Ukraine-Russia Crisis

The midcap and smallcap shares were also trading on a negative note as Nifty Midcap 100 index moved 1.56 per cent lower and small-cap shares shed 1.78 per cent

New Delhi: The key benchmark indices, Sensex and Nifty, on Tuesday plunged sharply amid weak global sentiments due to simmering tensions between Russia and Ukraine.

At 9.45 am, the 30-share BSE Sensex declined 1,113 points to 56,569, while the NSE Nifty was at 16,864, down 342 points. All the 30 constituents on the Sensex platform were in the red, led by losses in Dr Reddys, Asian Paints, TCS, L&T, IndusInd Bank, HDFC twins, Bajaj Finserv, down 2-3 per cent.

On the Nifty, ONGC was the sole gainer, up 1.3 per cent, while UPL was the additional loser. ONGC was firmly higher as crude oil prices have again jumped higher on the worsening Russia-Ukraine conflict.

Sensex Tanks 1,113 Points, Nifty Below 16,900 Amid Ukraine-Russia Crisis

"Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. The economic consequences are already visible in higher crude and gold prices," V K Vijayakumar, chief investment strategist, Geojit Financial Services, told PTI.  

The midcap and smallcap shares were also trading on a negative note as Nifty Midcap 100 index moved 1.56 per cent lower and small-cap shares shed 1.78 per cent.

All the 15 sector gauges, compiled by the National Stock Exchange, were trading in the negative zone. Nifty PSU Bank and Nifty were underperforming the index by falling as much as 2.59 per cent and 2.03 per cent, respectively.

The India VIX index also climbed 19 per cent to over 27-levels.

In the previous session, Sensex had dropped 149 points to close at 57,684 on Monday; while Nifty had settled 70 points lower at 17,207.

Asian share markets also slumped as Japan’s Nikkei fell 2.34 per cent, South Korea’s KOSPI was down 1.72 per cent and the Shanghai Composite index dropped 1.36 per cent.

Meanwhile, rising for the fifth straight day, the rupee extended gains by 11 paise to close at a one-month high of 74.55 against the US dollar on Monday on the back of a weak dollar and softer crude oil prices amid hopes of a diplomatic solution to the Russia-Ukraine crisis.

Tracking the Ukraine crisis, Brent crude futures rose 4 per cent to $97.35, the highest since September 2014. US stocks fell over 2 per cent on Tuesday.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'Motion' To Remove Jagdeep Dhankhar As Rajya Sabha Chairman Dismissed On Technicality. Here's What Happened
'Motion' To Remove Dhankhar As RS Chairman Dismissed On Technicality
Rahul Gandhi Sports Blue T-Shirt To Protest Ambedkar's 'Insult'. Know Why Blue Is Linked With Dalit Resistance
RaGa Sports Blue T-Shirt To Protest Ambedkar's 'Insult'. Know Why Blue Is Linked With Dalit Resistance
Bihar MLA Ritlal's Brother Accused Of Shooting At AIIMS Security Officer Surrenders To Police
Bihar MLA Ritlal's Brother Accused Of Shooting At AIIMS Security Officer Surrenders To Police
After 'Zero' Electricity Bill For 6 Months, Sambhal MP Zia ur Rahman Booked For Power Theft
After 'Zero' Electricity Bill For 6 Months, Sambhal MP Zia ur Rahman Booked For Power Theft
Advertisement
ABP Premium

Videos

Rahul Gandhi Linked to Incident That Led to BJP MP Mukesh Rajput’s HospitalizationBJP MP Mukesh Rajput Hospitalized in ICU After Alleged Push by Rahul GandhiHeated Exchange in Parliament as Opposition Targets Amit Shah Over Ambedkar RemarksLucknow Protest Turns Tragic: Congress Worker Dies, Police Investigation Underway

Photo Gallery

Embed widget