INSUBCONTINENT EXCLUSIVE:
On BSE, the overall market breadth was weak as 447 shares were advancing while 2,593 were declining.New Delhi: The Indian equity indices
plunged heavily on Monday dragged by losses across all sectors
As of 9:34 am, the benchmark BSE Sensex fell 1,405 points or 2.42 per cent to 56,748; while the broader NSE Nifty slipped 428 points or 2.47
per cent to 16,947.Asian shares slipped as warnings Russia could invade Ukraine at any time sent oil prices to seven-year peaks
The United States on Sunday said Russia might create a surprise pretext for an attack, as it reaffirmed a pledge to defend "every inch" of
NATO territory.Also, markets have been in convulsions since an alarmingly high United States inflation reading sparked speculation the
Federal Reserve might raise rates in March.Back home, mid- and small-cap shares were trading on a negative note as Nifty Midcap 100 index
fell 2.34 per cent and small-cap shares moved 2.94 per cent lower.On the stock-specific front, JSW Steel was the top Nifty loser as the
stock cracked 6.08 per cent to Rs 630.60
Tata Steel, SBI, HDFC and Tata Motors were also among the laggards.In contrast, TCS and Divi's Lab were among the gainers.On BSE, the
overall market breadth was weak as 447 shares were advancing while 2,593 were declining.On the 30-share BSE platform, SBI, Tata Steel, HDFC,
Bharti Airtel, ICICI Bank and IndusInd Bank attracted the most losses with their shares sliding as much as 4.23 per cent.Sensex had slumped
773 points or 1.31 per cent to close at 58,153 on Friday, while Nifty had settled 231 points or 1.31 per cent lower at 17,375.
