Indian shares tumble 2% on escalating Russia-Ukraine tensions – Reuters India
- Date: 14-Feb-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Indian shares tumble 2% on escalating Russia-Ukraine tensions – Reuters India
BENGALURU, Feb 14 (Reuters) - Indian shares fell about 2% on Monday, joining a global sell-off that was fuelled by escalating tensions between Russia and the West over Ukraine, and as banking stocks extended their decline.
The NSE Nifty 50 index (.NSEI) fell 2% to 17,029, as of 0434 GMT, while the S&P BSE Sensex (.BSESN) dropped 1.9% to 57,023.63. The Nifty volatility index (.NIFVIX), which indicates the degree of volatility traders expect over the next 30 days in the Nifty50 index, jumped as much as 21.61%.
"The correction in domestic markets is part of the global phenomenon. Foreign institutional investors are selling due to a high inflationary environment, tensions between Russia and Ukraine. That's giving jitters to the market," said Saurabh Jain, assistant vice president at SMC Securities.
Select Sector 
Select Country 
