Sensex Crashes 1,491 Points, Nifty Settles Below 15,900 Amid Ukraine Crisis
NDTV
The Indian equity indices on Monday extended fall for the fourth straight session amid the ongoing Russia-Ukraine war.
New Delhi: The Indian equity indices on Monday extended fall for the fourth straight session amid the ongoing Russia-Ukraine war. The benchmark BSE Sensex nosedived 1,491 points or 2.74 per cent to close at 52,843; while the broader NSE Nifty moved 382 points or 2.35 per cent lower to settle at 15,863.
Investors remained worried as crude oil prices soared past $130 a barrel -- the highest level since July 2008 -- heightening fears of higher domestic inflation. Oil prices soared after the United States and European allies explored a Russian oil import ban. At present, India imports more than two-thirds of its oil requirements, and higher rates push up the country's trade and current account deficit while also hurting the rupee and fuelling inflation.
Mid- and small-cap shares finished on a negative note as Nifty Midcap 100 index fell 2.37 per cent lower and small-cap shares slipped 2.04 per cent.
Most of the sector gauges -- compiled by the National Stock Exchange -- closed in the red. Nifty Bank, Nifty Financial Services and Nifty Auto underperformed the index by falling as much as 4.47 per cent, 4.28 and 4.21 per cent, respectively. However, Nifty Metal jumped 2.10 per cent.
