Sensex Crashes More Than 1,600 Points Amid the Ukrainian Crisis, Nifty Below 15,800; Auto, Bank Stock Drags

Posted on the 07 March 2022 by Geetikamalik
Read Time:1 Minute, 40 Second

New Delhi: Indian equity index opened a large gap-down opening on Monday in the midst of the ongoing Russian-Ukrainian war. Crude oil prices soared and global shares sank as a risk of ban a.s. And Europe in Russian oil and delays in Iran’s talk triggered what was formed as the main magleflater shock for the world market. Commodities all lines increase because the Russian-Ukrainian conflict does not show signs of cooling. Gold reached a key level of $ 2,000 per ounce because investors rushed to Safe-Haven assets. Oil prices surged above the $ 130 mark to reach the highest since 2008.
Back home, at 10:51 a.m., the BSE Sensex benchmark crashed 1,622 points or 2.98 percent to 52,712; While the wider NSE dived 456 points or 2.81 percent to 15,789.

Medium and small stocks traded in the negative zone as the Nifty Midcap 100 index slipped 2.62 percent and sharing small hats fell 2.41 percent.

Most sector gauges are compiled by the national stock exchange – traded in red. Nifty Auto and Nifty Bank performed poorly from the index by falling by 4.38 percent and 3.69 percent, at the beginning of trade. However, nifty metals moved 0.47 percent higher.

On the front specific shares, Maruti Suzuki India is the top loser that is loser because the stock cracked 5.59 percent is ₹ 6,842.35. Bajaj Finance, ICICI Bank, Eicher Motors and M & M are also between Lambgard.

In BSE, the overall overall market was weak because 572 forward shares while 2,043 declined.

In the 30-share BSE index, Maruti, Bajaj Finance, ICICI Bank, L & T, Ultratech Cement, M & M are among the top losers. Instead, the steel is traded in green.

Sensex has dived 769 points or 1.40 percent to close at 54,334 on Friday; While Nifty has moved 253 points or 1.53 percent lower to settle at 16,245.

Happy 0 0 % Sad 0 0 % Excited 0 0 % Sleepy 0 0 % Angry 0 0 % Surprise 0 0 %

The post Sensex crashes more than 1,600 points amid the Ukrainian crisis, nifty below 15,800; Auto, Bank Stock drags first appeared on Businessely.com.