Quick News Bit

Sensex, Nifty log 6th straight day of loss amid lingering Ukraine crisis

0

Elsewhere in Asia, bourses closed mostly higher, hoping that war in Ukraine can be avoided after Western sanctions on Russia

Elsewhere in Asia, bourses closed mostly higher, hoping that war in Ukraine can be avoided after Western sanctions on Russia

Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment.

The Sensex closed 68.62 points or 0.12% lower at 57,232.06 and the Nifty ended 28.95 points or 0.12% down at 17,063.25.

For better part of session, both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscow’s troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war.

The Sensex breadth was equally divided between gains and losses.

NTPC, L&T, Nestle and ICICI Bank shares dropped the most on the index.

Elsewhere in Asia, bourses closed mostly higher, hoping that war in Ukraine can be avoided after the United States, Japan and European powers imposed sanctions on Russia.

Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraine’s eastern regions, escalating tensions.

Russian President Vladimir Putin recognised the independence of two rebel-held regions of Ukraine, raising fears of an imminent full-scale invasion.

Also read | China says U.S. creating ‘fear and panic’ over Ukraine

U.S. Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russia’s invasion of Ukraine.

Brent crude futures were last steady at $96.74 a barrel, having eased off Tuesday’s top of $99.50.

Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth ₹3,245.52 crore on a net basis on Tuesday, as per exchange data.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment