Stock market index collapsed due to the crisis in Ukraine
Russia and the US-led NATO have clashed over Ukraine. This is likely to affect global trade. These developments have had a devastating effect on the stock market, the currency market and the crude oil market.
Indian stock market index fell by 3% today. At the same time, global crude oil prices have risen to $ 95.
The BSE benchmark Sensex fell by 1,747 points to 56,405 points today. The wide-based National Stock Exchange index Nifty fell by 3.06 per cent, or 531 points, to close at 16,842 points. The index closed below 17,000 points for the first time. With the exception of TCS, all other Sensex companies suffered huge losses. Tata Steel, HDFC, State Bank, ICICI Bank, IndusInd Bank, Kotak Bank, Maruti Suzuki and others were hit hard
Crude prices are expected to rise to $95 a barrel today as tensions between the United States and Russia over Ukraine escalate amid an already volatile stock market scenario as the US raises interest rates. The US Federal Reserve has called an emergency meeting in the wake of the current situation. So investors are confused Wholesale inflation eased today. However, with crude prices hovering above $ 95, investors are likely to see a surge in inflation, said Vinod Nair, an analyst at Geo’s financial services
firm Small-cap and mid-cap stocks, based on the share prices of small companies, fell sharply The US, European and Asian stock markets were the biggest gainers in the morning. The United States has said in a statement that Russia is seeking an excuse to attack Ukraine. The United States has said it is ready to protect every inch of NATO land in Europe. This has led to increased tensions in Europe. In such a scenario, the stock market index is likely to remain volatile for some time to come.
Loss of Rs 12.38 lakh crore
The Sensex has lost 2,520 points in the last two days. As a result, investors have lost Rs 12.38 lakh crore in two days. Now, the market value of the company listed on the Bombay Stock Exchange has come down to Rs 255 42 lakh crore Ajit Mishra, vice-president, Religare Broking, said that the recession has taken a toll on the stock market and there is no denying the possibility of further decline in the index in the near future. Therefore, investors need to be very careful