The stock benchmark Sensex opened around 870 points lower on Monday, dipping below the 55,000 mark, in line with softening global sentiment as a deepening Russia-Ukraine crisis.
The 30-stock BSE Sensex was down 869.33 points or 1.56% to 54,989.19 in early trade, while the NSE Nifty was down 233.80 points or 1.40% to 16,424.60.
All Sensex stocks fell except PowerGrid, Tata Steel and Sun Pharma.
The 30-stock BSE Sensex rose 1,328.61 points, or 2.44%, to 55,858.52 after a seven-day losing streak on Friday. Likewise, the broader NSE Nifty was up 410.45 points, or 2.53 per cent, at 16,658.40.
For the week, the Sensex lost 1,974 points or 3.41% and the Nifty lost 618 points or 3.57%.
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Russian President Vladimir Putin has placed its nuclear forces on high alert in response to what he called “aggressive statements” by major NATO powers in the Ukraine conflict amid a sharp escalation in tensions in Eastern Europe.
Foreign institutional investors sold another £4,470.7 billion worth of shares in Indian capital markets on Friday amid the Ukraine crisis, stock market data showed.
Asian stocks were mostly lower on Monday afternoon, lagging behind the deepening geopolitical crisis in Eastern Europe.
Oil prices, which have been rising since Russia’s invasion of Ukraine, surged again on Monday on concerns about supply disruptions. Brent crude futures rose more than 5% to $99.61 a barrel.
Complete News Source : Hindustan Times
