Sensex fell 2700 points amid Russia-Ukraine war, fourth biggest fall in history, investors lost Rs 13 lakh crore
The fight between Russia – Ukraine created a ruckus in the stock market on Thursday. The Sensex has seen the fourth biggest fall in history. The Sensex (BSE Sensex) has fallen by more than 2700 points. Nifty (NSE Nifty) has fallen 5 percent. The Indian benchmark index has seen a decline for the seventh consecutive session today. Nifty has been below the figure of 16,300 points. At the close of the stock market, the Sensex was down 2,702.15 points or 4.72 per cent at 54,529.91. Whereas, Nifty was down 815.30 points or 4.78 per cent to reach 16,248.00.
Due to todays fall, investors have lost about Rs 13.6 lakh crore. About 240 stocks have seen a rise. Whereas, 3084 shares have fallen down. At the same time, there has been no change in 69 shares.
These companies suffer the most. All the shares closed in decline on Nifty 50. Tata Motors, IndusInd Bank, UPL, Grasim Industries and Adani Ports have suffered the most. The indices of all sectors closed with a fall of 3 to 8 percent. Whereas, the BSE Midcap and Small cap indices have seen a decline of more than 5 percent.
Market analysts say that amid Russia’s military operation in Ukraine, Brent crude crossed the $100 mark for the first time in seven years, with both the benchmark indices falling 5 per cent. All sectoral indices closed with a fall. Due to this, there has been a loss of wealth of more than Rs 10 lakh crore of investors. According to experts, a look at the advance-decline ratio shows that both the investors and traders have suffered due to this situation of uncertainty seen today.
What are the signs for the Indian economy? According to experts, due to prolonged tension between Russia-Ukraine, inflationary pressure may continue even further. Due to this, interest rates may have to be increased around the world for economic growth. From the perspective of the Indian economy, the economic impact can be seen in the short term, as the country’s economy will be determined by the long-term baseline growth prospectus.
European stocks have seen a fall of about 3 percent. The biggest loss has been seen in the shares of bank auto companies. The STOXX 600 index is down 2.9 percent. It has seen a decline of 10 percent from the record high of January.
