Mumbai: The decline in domestic stock markets continued for the sixth consecutive trading session on Wednesday and the BSE Sensex fell 68.62 points. Investor sentiment has been affected by the Ukraine crisis. The 30-share Sensex closed at 57,232.06, down 68.62 points, or 0.12 per cent. Similarly, the Nifty of the National Stock Exchange fell 28.95 points, or 0.12 percent, to 17,063.25.
The good thing during trading was that both the indices remained in positive range for most of the time like other Asian markets. Because investors hoped that Western sanctions on Russia following Russian military activities near the Ukrainian border would ease President Vladimir Putin’s stance and remove fears of war.
NTPC, L&T, Nestle and ICICI Bank were the biggest losers in the Sensex stocks. Most of the markets in Asia remained profitable. The reason for this is that the fear of war is expected to be averted due to the imposition of sanctions on Russia by America, Japan and European countries. The US stock market suffered losses on Tuesday as tensions escalated over Russia sending its troops to Ukraine’s eastern region.
Russian President Putin has recognized the independence of two rebel-held areas in Ukraine. US Secretary of State Antony Blinken on Tuesday canceled a meeting with Russian Foreign Minister Sergei Lavarov scheduled for this week. He took this step after Lavrov’s statement. In his statement, the Russian Foreign Minister said that this was the beginning of Russia’s attack on Ukraine.
Meanwhile, the global benchmark Brent crude futures eased slightly to $96.74 a barrel. On Tuesday, it had reached $ 99.50 a barrel. Foreign institutional investors sold shares worth a net Rs 3,245.52 crore on Tuesday, according to provisional data from stock exchanges.