MARKET UPDATE: Sensex fell 951 points to 56,732, while Nifty tanked 271 points to 16,935
Published On: Tuesday, February 22, 2022 | By: Team KnowMyStock
The Indian key benchmark indices started sharply lower with a massive gap today (22 Feb.2022) amid downbeat global sentiment due to tensions around the Russia-Ukraine conflict. The BSE Sensex fell 951 points to 56,732, while the NSE Nifty tanked 271 points to 16,935. The two indices were nearly 2 percent lower. All the Sensex-30 constituents were in the negative territory, led by losses in Dr. Reddy's, Asian Paints, TCS, L&T, IndusInd Bank, HDFC twins, Bajaj Finserv, down 2-3 percent. On the Nifty, ONGC was the sole gainer, up 1.3 percent, while UPL was the additional loser. ONGC was firmly higher as crude oil prices have again jumped higher on the worsening Russia-Ukraine conflict.
The broader markets were also deep in red with the BSE MidCap and SmallCap indices trading down up to 2 per cent. The market breadth was completely negative with nearly 2400 stocks on the BSE in red, while only 155 shares in the positive zone. The India VIX index also climbed 19 per cent to over 27-levels.
Sectorally too, all the indices suffered losses led by Nifty PSB index, down 2.4 per cent, followed by Nifty IT, Financials and Bank, down 1-2 per cent.
Among stocks, diagnostic player Thyrocare was a firm outlier in a highly weak market, trading 3 per cent higher after the company's parent API Holdings got SEBI's nod for its online retail player PharmEasy's Rs 6250 crore-IPO.
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