The stock market is crippled by the ongoing war between Russia and Ukraine. In the last 6 trading sessions, the Sensex has fallen by about 3000 points. During this period, investors have lost more than Rs 5 lakh crore. Russia attacked Ukraine on the morning of 24 February (Indian time). Today is the 9th day of the attack. Since February 24, the Sensex has fallen by about 3000 points. During this Nifty has fallen by 818 points.
How was the business on the last day?
On Friday, the Sensex closed at 54,333 points. It closed at 57232 points on 23 February. The news of the attack on 24 February had led to a fall of 2700 points in the Indian stock market. But, it managed to recover to a great extent in the subsequent seasons. Since February 15, 15 lakh crore rupees of Indian investors have been sunk. From February 15, Russia started preparing for a major attack on Ukraine. He later announced to withdraw some of his army from the border for a major attack.
How much did the market cap of BSE fall?
The market capitalization of BSE came down to Rs 246 lakh crore on Friday. On Thursday it was Rs 251 lakh crore. In this way, the market cap of BSE has fallen by Rs 5 lakh crore in one day. At an exchange rate of Rs 76 per dollar, this amount is equivalent to $ 66 billion. The Sensex has fallen nearly 4,000 points since February 15. Due to this, investors have lost $197 billion. This is more than Ukraine’s GDP of $181 billion.
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Russian President Vladimir Putin previously declared two regions of Ukraine – Luhansk and Donetsk as independent provinces. Then, on 23 February, he declared an emergency. On 24 February, Ukraine was attacked. After this, there has been a sharp jump in the prices of crude oil in the international market. On the other hand, on Friday morning, there was news of a fire in Ukraine’s largest nuclear reactor. However, this fire was extinguished.
But, due to this news, there was a big fall in the Indian markets on Friday. On Friday, the Sensex closed at 54,333, down 768.87 points. This is a drop of around 1.4 per cent. Nifty closed 252 points lower at 16,245. This is a drop of 1.53 per cent. Vodafone Idea was the leading loser in the shares. It declined by 7 per cent.
Experts say that the pressure on the market is likely to continue. The reason for this is that there is no hope of an end to the Ukraine crisis yet. Even after three rounds of talks, no result has come out. Russian President Vladimir Putin’s attitude has not changed even after tough sanctions.
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