December 4, 2022

La Ronge Northerner

Complete Canadian News World

Sensex crashes over 2,000 points with Russia’s attack on Ukraine; Stylish Under 16,450

In the Bahrain Stock Exchange, the market breadth was poor with 270 shares advancing while 2378 shares declined.

New Delhi: Indian stock indexes fell sharply on Thursday with caution after Russia announced a military operation in Ukraine. Russian President Vladimir Putin has authorized a special military operation in the Donbass region of Ukraine.

As of 1:29 pm, the BSE Sensex was down 2,005 points, or 3.50 percent, to 55,270; While the broader NSE Nifty index fell by 614 points, or 3.52 percent, to 16,448 points.

Asian stock markets also declined, with Japan’s Nikkei index down 2.17 percent, South Korea’s Kospi down 2.66 percent, and the Shanghai Composite down 0.89 percent.

The price of Brent oil also rose to $100 a barrel for the first time since 2014 amid the Ukraine crisis.

Back home, mid- and small-cap stocks traded negatively with the Nifty Midcap 100 down 2.65 percent and small caps down 3.06 percent.

All 15 sector metrics – compiled by the National Stock Exchange – are trading in red. Nifty PSU Bank and Nifty Auto underperformed the benchmark by declining 3.20% and 2.71%, respectively.

On the specific stock front, Adani Ports was the biggest loser from Nifty as the stock rose 3.50 per cent to Rs 682. Tata Motors, Tata Steel, UPL and IndusInd Bank were among the latecomers as well.

Indus Towers Ltd plunged as much as 14.4 percent, after Britain’s Vodafone Group said it was looking to sell its entire 28.1 percent stake in the company.

In the Bahrain Stock Exchange, the market breadth was poor with 270 shares advancing while 2378 shares declined.

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The wealth of the investors decreased by more than Rs 8.75 crore to Rs 2,46,93,772.06.

On the BSE 30-share platform, Tata Steel, IndusInd Bank, Bharti Airtel, Tech Mahindra, ICICI Bank and SBI made the most losses as their shares fell 3.96 percent.

The Sensex fell 69 points, or 0.12 percent, to close at 57,232 on Wednesday. While Nifty stock fell by 29 points, or 0.17 percent, to close at 17,063.