MARKET UPDATE:Sensex 2000 points lower around 55,300 levels, while Nifty slipped below the 16,500 mark down nearly 600 points
Published On: Thursday, February 24, 2022 | By: Team KnowMyStock
The Indian benchmark indices extended their opening losses and slipped around 3 percent each in early morning trades today (24th Feb.2022) after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities. The BSE Sensex was 2000 points lower around 55,300 levels, while the NSE Nifty50 slipped below the 16,500 mark with a fall of nearly 600 points. Consequently, oil prices also soared and topped the $100 a barrel mark for the first time since 2014. Reports quoted Ukrainian officials as saying that both ballistic and cruise missiles strikes have targeted sites in Ukraine's capital city Kyiv. The city's airport is reportedly being evacuated with blasts being reported in three other major cities of Ukraine.
On the bourses, all sectoral indices were bleeding too with maximum losses in Nifty Realty, down 4 per cent. Nifty PSBs, IT, Auto Metal were up to 3.5 per cent lower. All other indices slipped 2 per cent lower.
In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 2.8 per cent, respectively. The overall breadth of the market was also extremely negative with 2,578 declines against 270 advancing stocks on the BSE.
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