Sensex, Nifty fall 3% each as Russia invades Ukraine

Follow us on

Domestic equity gauges Sensex and Nifty crashed over 3 per cent in early morning deals on Thursday following massive selloffs in global share markets after Russia announced military operation in Ukraine.

Tracking developments in eastern Europe, the BSE Sensex plunged more than 1,700 to trade below 55,600; and the Nifty tanked over 550 points to trade 16,500.

ALSO READ |  ​Russia-Ukraine news: Joe Biden condemns Russia for ‘unjustified attack’

All Sensex constituents were trading with hefty losses, with Airtel, IndusInd Bank, Tech Mahindra and and SBI suffering the most dropping as much as 8 per cent.

Russian President Vladimir Putin's announcement of starting a military operation in Ukraine sent world markets into a tizzy with shares in Asia plunging into deep red.

Putin on Thursday announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to "consequences they have never seen."

Brent crude oil surged to USD 100 a barrel for the first time in 8 years tracking the Ukraine-Russia crisis.

Continuing their selling spree, foreign institutional investors offloaded shares worth Rs 3,417.16 crore in the Indian capital markets on Wednesday, exchange data showed.

ALSO READ | ​Russia Ukraine War LIVE: Explosions reported across Ukraine as Putin announces military operation