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Sensex falls 383 points amid escalations in Ukraine-Russia tension

By Shgun S -- February 22, 2022 5:54 pm

Mumbai, February 22: The key indices of the Indian stock markets closed in the red for the fifth consecutive day on Tuesday, with the Sensex falling 383 points on negative global equities amid concerns of escalating tensions between Ukraine and Russia.

The 30-stock S&P BSE Sensex ended the day at 57,300.68 points, down 382.91 points or 0.66 percent. Early in the day, there was a lot of selling pressure on the markets.

The Sensex opened the day at 56,438.64 points, down 1,244.95 points from the previous day's close of 57,683.59 points. In intra-day trading, the Sensex fell to a low of 56,394.85 points and climbed to a high of 57,505.85 points.

Stock market tumbles amid Ukraine-Russia tension

The rate increased 906 points from its low of the day. Due to buying support in select stocks in the last hour of trading, the index recouped some of its losses.

The broader Nifty 50 index of the National Stock Exchange ended the day 114.45 points or 0.67 percent lower at 17,092.20 points, down from 17,206.65 points the day before.

The Nifty opened in the red at 16,847.95 points and fell to an intra-day low of 16,843.80 points. In the final hour of trading, the Nifty recovered as well. In the intraday, it reached a high of 17,148.55 points.

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The Indian stock markets have been hit hard by selling pressure as major indexes around the world have been impacted by escalating tensions between Russia and the United States, as well as major European countries, over the Ukraine crisis.

Following President Vladimir Putin's formal recognition of two breakaway regions in eastern Ukraine, the US and its European allies are preparing to slap further sanctions on Russia. The move is likely to stir up regional tensions even further.

Tata Steel fell 3.64 percent to Rs 1138.45 per share. TCS fell 3.59 percent to Rs 3586.65 per share. The stock of the State Bank of India fell 2.67 percent to Rs 498.20.

Dr Reddy's Laboratories was down 2.02% at Rs 4210.50, ITC was down 1.44 percent at Rs 214.95, Bharti Airtel was down 1.39 percent at Rs 699.90, IndusInd Bank was down 1.39 percent at Rs 939.30, and HCL Technologies was down 1.38 percent at Rs 1148.95.

Stock market tumbles amid Ukraine-Russia tension

Ten of the 30 Sensex scrips ended the day in the green. The stock of Bajaj Finserv increased 1.36 percent to Rs 16222.30. The major Sensex gainers included Mahindra & Mahindra, which was up 1.34 percent at Rs 852.30, Kotak Bank, which was up 0.85 percent at Rs 1841.85, HDFC, which was up 0.62 percent at Rs 2454.05, and Sun Pharma, which was up 0.37 percent at Rs 846.05.

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-PTC News

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