Amid Ukraine disaster, Sensex tanks practically 1500 factors, Nifty plunges by over 400

Equity benchmarks Sensex and Nifty tumbled practically 3 per cent in opening commerce on Monday monitoring weak international markets and elevated oil costs amid the Russia-Ukraine battle.

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Extending its downtrend for the fourth straight session on Monday, the 30-share BSE Sensex opened on a weak notice and slumped 1,620.73 factors or 2.98 per cent to 52,713.08.

Similarly, the broader NSE Nifty tanked 447.05 factors or 2.75 per cent and slipped beneath the 16,000 degree to fifteen,798.30.

Sensex tanked 1,453.51 factors to 52,880.30 in opening commerce, whereas the Nifty plunged over 400 factors to fifteen,831.85.

From the 30-share pack, Maruti Suzuki, Mahindra & Mahindra, Larsen & Toubro and ICICI Bank had been the most important drag, tumbling as much as 6.3 per cent.

In the earlier commerce, the 30-share BSE benchmark ended at 54,333.81, down by 768.87 factors or 1.40 per cent. The NSE Nifty slumped 252.70 factors or 1.53 per cent to finish at 16,245.35.

Bourses in Hong Kong, Shanghai and Tokyo had been buying and selling considerably decrease in mid-session offers.

Stock exchanges within the US closed within the unfavorable zone on Friday.

Meanwhile, worldwide oil benchmark Brent crude surged 8.84 per cent to USD 128.6 a barrel.

Foreign institutional traders continued their promoting spree in Indian markets as they offloaded shares value Rs 7,631.02 crore on a internet foundation on Friday, in keeping with trade information.

“This week’s focus will be on the Russia-Ukraine conflict and its impact on oil prices. On the home front, investors will be watching the outcome of the state elections in five states on March 10,” in keeping with Mohit Nigam, Head – PMS, Hem Securities.