Black Monday: Sensex crashes 1,747 points as Ukraine standoff roils global markets
The Hindu
Bears are now in a more commanding position and likely to push the index further lower, says expert
The BSE benchmark Sensex plunged 1,747 points while the Nifty crashed below the 17,000-level on Monday as escalating Russia-Ukraine tensions sparked a retreat from riskier assets globally.
A depreciating rupee and foreign fund outflows added to the gloom, traders said.
Plunging for the second straight session, the 30-share BSE Sensex nosedived 1,747.08 points or 3% to settle at 56,405.84. This was its biggest single-day drop since February 26, 2021.
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