Taking Stock | Geopolitical tension roils market, indices see biggest single-day fall in nearly two years

Taking Stock | Geopolitical tension roils market, indices see biggest single-day fall in nearly two years

More than 250 stocks touched their 52-week low, including Star Cement, SMS Pharmaceuticals, NBCC, LIC Housing Finance, HDFC Life Insurance Company and DCB Bank.





February 24, 2022 / 04:53 PM IST





At close, the Sensex was down 2,702.15 points or 4.72% at 54,529.91, and the Nifty was down 815.30 points or 4.78% at 16,248.



The Indian benchmark indices registered their biggest single-day fall in nearly two years, thereby settling in the red for the seventh straight session on February 24 as Russia invaded Ukraine in Europe's 'darkest hours' since World War II.

February month F&O expiry and Brent crude oil prices crossing the crucial $100 per barrel for the first time in more than seven years after Russian President Vladimir Putin authorised a special military operation in Ukraine, spooked market participants on Dalal Street.

At close, the Sensex was down 2,702.15 points or 4.72% at 54,529.91, and the Nifty was down 815.30 points or 4.78% at 16,248.

Global stocks and US bond yields, too, dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast, reported Reuters.

The market opened over 2 percent