Nifty Smallcap 100 index plunges 6%, extends YTD fall to 17%
The Sensex crashed over 2,700 points on Thursday -- its biggest single-day plunge in about two years -- in lockstep with a severe sell-off in global markets after Russia launched a full-scale invasion of Ukraine, plunging Europe into its biggest crisis since the Second World War. The 30-share BSE gauge plummeted about 2,850 points during the session before closing at 54,529.91, registering a massive fall of 2,702.15 points or 4.72 per cent. This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms. Likewise, the NSE barometer Nifty nosedived 815.30 points or 4.78 per cent to end at 16,247.95. This was also the seventh straight session of decline for both the key indices. On the Sensex chart, all 30 shares suffered heavy losses, with IndusInd Bank tumbling the most at 7.88 per cent, followed by M&M, Bajaj Finance, Axis Bank, Tech Mahindra and Maruti. Investors were poorer by about Rs 13 lakh crore, with the market capitalisation of ...
Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets
Russian President Putin recognised the independence of two rebel-held regions of Ukraine, raising fears of an imminent full-scale invasion
Closing Bell: The frontline S&P BSE Sensex fell 69 points to settle at 57,232 levels while the Nifty50 shut shop at 17,063 down 29 points
Indian equities may remain under pressure even if the geopolitical and energy crisis ends
Stock market LIVE: The broader markets were also deep in red with the BSE MidCap and SmallCap indices trading down up to1.5 per cent.
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
Equity indices surrendered mid-session gains to close lower for the third day in a row on Friday
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).
Equity benchmark indices Sensex and Nifty ended lower for a second day on Thursday after a volatile trade triggered by a selloff in banking shares. After oscillating over 700 points between gains and losses during the day, the 30-share BSE Sensex finally ended 104.67 points or 0.18 per cent lower at 57,892 points. The NSE Nifty dropped 17.60 points or 0.10 per cent to settle the day at 17,304.60 marking its second straight session of loss. The Sensex pull-back was mainly staged by constant selloffs in banking shares, led by ICICI Bank, Axis Bank and IndusInd Bank. Of the Sensex constituents, 19 shares suffered losses. Bucking the broader trend, index heavyweights HDFC and RIL rose up to 1.71 per cent. Elsewhere in Asia, markets ended mostly higher in line with positive Wall Street after Federal Reserve policymakers indicated they are leaning toward more decisive action on inflation but set no firm targets. Global crude oil benchmark Brent Futures fell 0.86 per cent to USD 93.99
HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today
The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of 145.37 points or 0.25 per cent
Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today
Note says market valuation shrinks if it is above long-term averages before the start of the hike cycle
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
Economists warned that US sanctions on Russia would have a severe impact on food, energy and metal prices
The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021
All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively
The Sensex ended the session at 58,926 - a gain of 460 points, or 0.8 per cent. The Nifty, on the other hand, ended the session at 17,606 - up 142 points, or 0.8 per cent.