Sensex, Nifty log 6th straight day of loss amid lingering Ukraine crisis
The Hindu
Elsewhere in Asia, bourses closed mostly higher, hoping that war in Ukraine can be avoided after Western sanctions on Russia
Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment.
The Sensex closed 68.62 points or 0.12% lower at 57,232.06 and the Nifty ended 28.95 points or 0.12% down at 17,063.25.
For better part of session, both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscow's troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war.
The Sensex breadth was equally divided between gains and losses.
NTPC, L&T, Nestle and ICICI Bank shares dropped the most on the index.
Elsewhere in Asia, bourses closed mostly higher, hoping that war in Ukraine can be avoided after the United States, Japan and European powers imposed sanctions on Russia.
Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraine's eastern regions, escalating tensions.
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