The Indian stock market is going through the worst phase of the year amid the Russia-Ukraine war. On the fourth trading day of the week, Russia’s announcement of military action on Ukraine rocked India’s stock market. The Sensex fell below the 55 thousand mark, down about 2600 points or more than 4 percent. At the same time, Nifty has also come down to the level of 16,200 points by taking a dive of 730 points. Due to this huge fall, investors have lost about 10 lakh crores.
Red Alert of BSE Index: The top 30 stocks of the BSE index are in the red zone in Thursday’s trading. The biggest fall has been attributed to banking and IT stocks. IndusInd Bank stock has lost nearly 7 per cent. After this, the stock of Asian Paint, Mahindra & Mahindra, Tech Mahindra, Wipro, Bajaj Finance, HCL, Bajaj Finserv, Maruti also declined more than 4 percent. The selling environment in the market is such that even the lowest fall in the BSE index was 2 per cent.
9:15 p.m.: US stock markets also closed with a heavy fall on Wednesday amid the war in Russia-Ukraine. Its effect was seen in the domestic stock market today morning. After the fall of 6 consecutive sessions, the Sensex and Nifty also opened with a heavy fall in the seventh session today. BSE’s 30-share key sensitive index Sensex opened at 55418, down 1813 points at 9.15 am. On the other hand, Nifty also saw a sharp decline.
Let us tell you that the Dow Jones fell 464 points on Wednesday and closed at the level of 33131. At the same time, Nasdaq fell by 2.57 percent or 344 points. Due to this decline, Nasdaq closed at 13037 level. Not only this, S&P also recorded a fall of 79 points.
The decline in domestic stock markets continued for the sixth consecutive trading session on Wednesday and the BSE Sensex fell 68.62 points. Investor sentiment has been affected by the Ukraine crisis.
The 30-share Sensex ended 68.62 points lower at 57,232.06 points. Similarly, the Nifty of the National Stock Exchange fell 28.95 points to 17,063.25. The good thing during trading was that both the indices remained in positive range for most of the time like other Asian markets. Because investors hoped that Western sanctions on Russia following Russian military activities near the Ukrainian border would ease President Vladimir Putin’s stance and remove fears of war.