INSUBCONTINENT EXCLUSIVE:
On BSE, the overall market breadth stood weak as 236 shares advanced while 3,155 declined.New Delhi:
The Indian
equity indices on Thursday plunged sharply led by sell-off across all sectors amid Russia's attack on Ukraine
Russian forces fired missiles at several cities in Ukraine after its President Vladimir Putin authorised a "special military operation"
The benchmark BSE Sensex crashed 2,702 points or 4.72 per cent to close at 54,530; while the broader NSE Nifty moved 815 points or 4.78 per
cent lower to settle at 16,248
Both the indexes fell for the seventh straight session, marking their worst run since March 2020
Investors have lost 13.57 lakh crore in wealth in a sharp plunge on Dalal Street today, with the market capitalisation (m-cap) of
BSE-listed companies falling to Rs 242 lakh crore from Wednesday's Rs 255 lakh crore mark.Mid- and small-cap shares finished on a negative
note as Nifty Midcap 100 index dived 5.74 per cent and small-cap shares shed 6.25 per cent
India's volatility or fear index (India VIX) rose 30.31 per cent.All of the 15 sector gauges -- compiled by the National Stock Exchange --
Nifty PSU Bank and Nifty Auto underperformed the index by falling as much as 8.26 per cent and 6.26 per cent, respectively.On the
stock-specific front, Tata Motors was the top Nifty loser as the stock cracked 10.71 per cent to Rs 425.90
IndusInd Bank, UPL, Grasim Industries and JSW Steel were also among the laggards.Also, Indus Towers Ltd plunged as much as 18.54 per cent to
Rs 205, after Britain's Vodafone Group Plc said it was looking to sell its entire 28.1 per cent stake in the company.On BSE, the overall
market breadth stood weak as 236 shares advanced while 3,155 declined.All Sensex constituents finished with hefty losses, with IndusInd
Bank, M-M, Bajaj Finance, Axis Bank, Tech Mahindra and Maruti suffering the most by dropping as much as 7.88 per cent
witnessed a steep correction after it was not able to sustain an important support level of 16,800
Our research suggests that sustaining above 16,400 will be an important level for the market
If the market is unable to sustain above 16,400, we can expect a correction to continue till the level of 16,000
Technical indicators suggest a volatile movement to continue in the market," said Vijay Dhanotiya, Lead of Technical Research at CapitalVia
Global Research Ltd.Global stocks and United States bond yields dived, while the dollar, gold and oil prices rocketed higher.Oil prices
breached $100 a barrel for the first time since 2014
India is the world's third-largest importer of oil.
