D-St Bloodbath: Nifty Worst Day in 10 Months, Tanks 3%; Sectoral Indices Bleed

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D-St Bloodbath: Nifty Worst Day in 10 Months, Tanks 3%; Sectoral Indices Bleed
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Amid concerns mounting regarding the deepening tensions between Russia and Ukraine, leading oil prices to soar to 7-year peaks on Monday, Dalal Street witnessed one of its worst days in the past year and extended losses to the second consecutive session.

Domestic equity benchmarks indices Nifty 50 and Sensex plunged 3.06% and 3%, respectively amid weak global cues, and fears regarding a probable Russian invasion of Ukraine in the upcoming days.

Nifty plummeted 3% and recorded its worst day since Apr 12, 2021, closing lower than 100 points above the 200-displaced moving average. Sensex declined over 1,747 points. 

NSE's India VIX or the fear gauge, soared over 21% on Monday.

Losses across the domestic market were led by heavyweight BFSI and IT stocks. Broader markets declined more, with the Nifty Midcap falling 3.9% and the Nifty Smallcap tanking 4.4%.

Domestic investors lost wealth worth Rs 8.2 lakh crore on Dalal Street today, as the market capitalization of the companies listed on BSE reduced to Rs 255.7 lakh crore.

All the sectoral indices on Nifty’s basket ended the day in red led by Nifty PSU Bank , Nifty Realty and Nifty Metal sectors, down 5.1-6%. Nifty PSU Bank tanked 6%, while Nifty Bank declined 4.2%.

On the Nifty50 index, only TCS (NS: TCS ) ended in the green, up 0.93%, while all other stocks closed in red, led by JSW Steel (NS: JSTL ) and HDFC Life Insurance Company (NS: HDFL ), tumbling almost 6.5% each.

On the 30-scrip Sensex, 29 stocks ended in red, led by Tata Steel (NS: TISC ), HDFC (NS: HDFC ) and SBI (NS: SBI ), down 5.2-5.5%.

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100
  • Rajesh Chaware @Rajesh Chaware
    We are punished heavily for no reason.
    Like 1
  • Rajesh Chaware @Rajesh Chaware
    We are punished heavily for no reason.
    Like 0
  • N S Singh @N S Singh
    but whom bleed
    Like 0

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