Domestic equity gauges Sensex and Nifty crashed over 2.5 per cent in early morning deals on Thursday following massive selloffs in global share markets after Russia announced its military operation in Ukraine.
Tracking developments in eastern Europe, the BSE Sensex plunged 1,461.35, or 2.55 per cent, to 55,770.71 and the Nifty tanked 430.10 points, or 2.52 per cent, to 16,633.15.
All Sensex constituents were trading with hefty losses, with Airtel, IndusInd Bank, Tech Mahindra and and SBI suffering the most, dropping as much as 8 per cent.
Russian President Vladimir Putin's announcement of starting a military operation in Ukraine sent world markets into a tizzy, with shares in Asia plunging into deep red.
also read
- US: Senate passes aid for Ukraine, Israel and Taiwan with big bipartisan vote
- Amid raging wars, the world spent $2,443 bn in 2023 on military expenses
- US House passes much-delayed $95 billion Ukraine aid package, bill now heads to Senate
- Battlefield or football field? Arsenal's Oleksandr Zinchenko has no doubt
Putin on Thursday announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to “consequences they have never seen”.
Brent crude oil surged to $100 a barrel for the first time in 8 years tracking the Ukraine-Russia crisis.
Continuing their selling spree, foreign institutional investors offloaded shares worth Rs 3,417.16 crore in the Indian capital markets on Wednesday, exchange data showed.