Sensex Nifty fall for sixth day amid lingering Ukraine crisis
Mumbai Feb 23 PTI Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment The Sensex closed 6862 points or 012 per cent lower at 5723206 and the Nifty ended 2895 points or 012 per cent down at 1706325 For better part of session both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscows troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war The Sensex breadth was equally divided between gains and losses NTPC LT Nestle and ICICI Bank shares dropped the most on the index As global markets turned positive domestic indices opened the day on a positive note however witnessed high volatility and succumbed to selling pressure to close the day in favour of bears The impact of geopolitical uncertainties and soaring fuel costs will continue to keep markets across the globe highly volatile Broader markets outperformed benchmark indices while on the sectoral front realty stocks attracted buyers Vinod Nair Head of Research at Geojit Financial Services said Sectorally BSE energy capital goods and oilgas fell as much as 054 per cent Of the 19 sectoral indices five closed in the red Broader largecap index closed with losses while smallcap and midcap indices registered gains On the forex market front the rupee closed 23 paise higher at 7461 against the US dollar Elsewhere in Asia bourses closed mostly higher hoping that war in Ukraine can be avoided after the US Japan and European powers imposed sanctions on Russia Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraines eastern regions escalating tensions Russian President Vladimir Putin recognised the independence of two rebel-held regions of Ukraine raising fears of an imminent full-scale invasion US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russias invasion of Ukraine Brent crude futures were last steady at USD 9674 a barrel having eased off Tuesdays top of USD 9950 Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 324552 crore on a net basis on Tuesday as per exchange data PTI MKJ MR MR
Mumbai Feb 23 PTI Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment The Sensex closed 6862 points or 012 per cent lower at 5723206 and the Nifty ended 2895 points or 012 per cent down at 1706325 For better part of session both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscows troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war The Sensex breadth was equally divided between gains and losses NTPC LT Nestle and ICICI Bank shares dropped the most on the index As global markets turned positive domestic indices opened the day on a positive note however witnessed high volatility and succumbed to selling pressure to close the day in favour of bears The impact of geopolitical uncertainties and soaring fuel costs will continue to keep markets across the globe highly volatile Broader markets outperformed benchmark indices while on the sectoral front realty stocks attracted buyers Vinod Nair Head of Research at Geojit Financial Services said Sectorally BSE energy capital goods and oilgas fell as much as 054 per cent Of the 19 sectoral indices five closed in the red Broader largecap index closed with losses while smallcap and midcap indices registered gains On the forex market front the rupee closed 23 paise higher at 7461 against the US dollar Elsewhere in Asia bourses closed mostly higher hoping that war in Ukraine can be avoided after the US Japan and European powers imposed sanctions on Russia Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraines eastern regions escalating tensions Russian President Vladimir Putin recognised the independence of two rebel-held regions of Ukraine raising fears of an imminent full-scale invasion US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russias invasion of Ukraine Brent crude futures were last steady at USD 9674 a barrel having eased off Tuesdays top of USD 9950 Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 324552 crore on a net basis on Tuesday as per exchange data PTI MKJ MR MR
