Sensex crashes 2702 points, Brent Crude touches USD 105 as Russian attack continues

Mumbai : The Russian attack on Ukraine has sent shockwaves across global stock markets. India’s BSE Sensex tanked by 2702 points or 4.7% to close at 54,530 points, while NSE Nifty dipped by 815 points or 4.8 per cent to finish trade at 16248. All the 30 stocks on S&P BSE Sensex ended in deep sea of red.  

This is the biggest crash in the Sensex in the last 2 years which has left investors poorer by 13.56 lakh crore as investor wealth measured by the market capitalisation of BSE listed companies have come down to Rs.242.11 lakh crore.

The fall is the Markets could continue in the coming days as the war escalates further into other parts of Ukraine.

Meanwhile, the biggest effect of the conflict is being seen on the global crude oil prices as the benchmark crude oil prices breach the USD 100 mark for the first time in a decade. The benchmark Brent crude oil prices has peaked to USD 105 per barrel, while WTI crude rose by 8.6% to USD 100 per barrel. The sharp rise in crude price is feared to upset the calculations of import dependant countries like India.