Lagatar24 Desk
Mumbai, Feb 22: The Indian equities indices fell dramatically on Tuesday as investors grew wary of the Russia-Ukraine stalemate. President Vladimir Putin of Russia has recognised two breakaway territories in eastern Ukraine, raising fears of a massive conflict.
The benchmark BSE Sensex fell 1,004 points, or 1.74 percent, to 56,680 at 9:19 a.m., while the broader NSE Nifty down 285 points, or 1.66 percent, to 16,922.
The Nikkei 225 index in Japan plummeted 2.34 percent, the KOSPI in South Korea fell 1.72 percent, and the Shanghai Composite index fell 1.36 percent.
Mid- and small-cap stocks were trading lower in India, with the Nifty Midcap 100 index falling 1.56 percent and small-cap stocks falling 1.78 percent.
The National Stock Exchange’s 15 sector indices were all in negative territory. The Nifty PSU Bank and the Nifty fell 2.59 percent and 2.03 percent, respectively, underperforming the index.
On a stock-by-stock basis, TCS was the highest Nifty loss, falling 2.94 percent to Rs. 3,610.00. Among the laggards were L&T, Dr Reddy’s, UPL, and Bajaj Finserv.
ONGC, on the other hand, was the sole gainer.
On the BSE, the overall market breadth was poor, with 311 shares rising and 2,295 falling.
Dr Reddy’s, L&T, TCS, Tech Mahindra, HDFC, and Bajaj Finserv saw the highest losses on the 30-share BSE platform, with their shares falling as much as 3.06 percent.
On Monday, the Sensex fell 149 points, or 0.26 percent, to 57,684, while the Nifty down 70 points, or 0.40 percent, to 17,207.
