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.
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