Earthquake in stock market amid Russia-Ukraine conflict, Sensex breaks more than 1800 points, Nifty also collapses

The Indian stock market was rocked on Thursday due to the conflict between Russia and Ukraine. The Bombay Stock Exchange index Sensex started trading on Thursday with a huge fall of 1850 points. However, after some time it showed some improvement and the index fell by 1430 points to the level of 55,802. But, for the time being, the decline has intensified once again and the Sensex has fallen 1805 points to 55,426. Eight lakh crore rupees of investors were sunk during a few minutes of trading.

On the other hand, the effect of war is also visible on the Nifty of the National Stock Exchange and it opened at a low of 16,648 with a huge fall of 414 points. With the opening of the market, about 270 shares have risen, while 1853 shares have registered a decline and 79 shares have remained unchanged. While all 30 Sensex stocks remained on the red mark, UPL, Tata Motors, IndusInd Bank, Tata Steel and ICICI Bank were the biggest losers in the Nifty. While Nestle was the only gainer with marginal gains.

Tech Mahindra, TCS, Wipro, HCL Tech, HDFC, SBI, Mahindra & Mahindra, Bajaj Finserv, HDFC Bank, Infosys, Axis Bank, Bajaj Finance, Maruti, Dr Reddy's, Hindustan Unilever and ITC fell up to three per cent. I have come Whereas, the shares of PowerGrid, Reliance Industries, Asian Paints, Kotak Bank, Titan, Nestle, Sun Pharma and NTPVC fell one per cent.

Last trading session on Wednesday, the stock market started on the green mark, but the market could not sustain the initial rally and closed on the red mark. The 30-share Sensex closed at 57,232, down 68 points, while the Nifty slipped 29 points to close at 17,063.