Amid the rising tension between Russia and Ukraine and with announcement of war among the two nations the Sensex and Nifty extended their losing streak to the sixth consecutive session.
Investors lost over Rs 7.5 lakh crore within minutes of market opening on Thursday as Russian President Vladimir Putin announced a ‘military operation’ in Ukraine.
The market cap of BSE-listed firms fell by Rs 7.59 lakh crore after investor wealth declined to Rs 248.09 lakh crore against Rs 255.68 lakh crore in the previous session.
The Oil and gas stocks slip after crude races past $100 a barrel
Oil and gas stocks were roiled today after rates for brent crude oil went past $100 for the first time in over seven years.
BSE oil and gas index plunged 695 points to 16,781 in afternoon session against the previous close of 17,476.
Reliance Industries fell 4.07% intra day to Rs 2,277.2 against the previous close of Rs 2,373 on BSE.
Meanwhile with evry passing minute the market is witnessing a fall.
Moscow Exchange suspends trading on all markets
Moscow Stock Exchange on Thursday suspended trading amid Ukraine-Russia tensions.
In a short release on its website, the exchange said: “Moscow Exchange has suspended trading on all of its markets until further notice.”
Market cap of BSE-listed firms fell by Rs 8.84 lakh crore after investor wealth declined to Rs 246.84 lakh crore against Rs 255.68 lakh crore in the previous session.
The large cap stock touched an intraday low of Rs 213.55, slipping 14.99% on BSE. Indus Towers stock is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.