Sensex tanks 1400 points amid rising geo-political tensions, Crude touch USD 100

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Mumbai: Amid rising tensions on Ukraine, Indian indices opened gap-down on February 24 with Nifty below 16,600.

At 9.16 am, the Sensex was down 1,426.28 points or 2.49% at 55805.78, and the Nifty was down 407.80 points or 2.39% at 16655.50. About 270 shares have advanced, 1853 shares declined, and 79 shares are unchanged.

UPL, Tata Motors, IndusInd Bank, Tata Steel and ICICI Bank were among major losers on the Nifty, while Nestle is the only gainer with marginal gains.

Crude prices touch USD 100/barrel

International crude oil prices rose to USD 99 per barrel after Russian president Vladimir Putin ordered Military operation into eastern Ukraine.  Brent Crude oil rose by 3.17% to USD 99.91 per barrel, while, WTI ( Western Texas Intermediate ) rude rose by 3.4% to USD 95.14 per barrel. The OPEC basket also rose by 3.88% to USD 97.94 per barrel and Indian basket rose by 3.85% to USD 97.21 per barrel.

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