Zoom News : Feb 22, 2022, 04:10 PM
Due to rising tensions in Russia and Ukraine, the Indian stock market opened with a strong fall on Tuesday for the second trading day of the week and closed on the red mark after a day's trading. The Bombay Stock Exchange's Sensex closed 383 points lower at 75,300, while the National Stock Exchange's Nifty closed 114 points lower at 17,092.Started off with a strong dropEarlier, BSE's 30-share index Sensex fell 1024 points below 57 thousand to open at 56,659, while NSE's Nifty slipped 299 points to fall under 17 thousand and opened at 16,907 level. After this, trading took place on the red mark throughout the day. However, till the end, the market did get some respite from the tremendous fall from the beginning. Let us inform that on Monday, the Sensex slipped 149 points to close at 57,683, while the Nifty also closed at 17,206 with a fall of 70 points.Impact on world marketsNot only in India, but the effect of the deepening crisis in Russia-Ukraine is visible on the stock markets around the world. Markets from Asia to Europe have registered a huge decline. While the Indian stock market opened on Tuesday with a ruckus, while looking at the European markets, ATSE closed down 0.39 percent, CAC 2.04 percent and DAX 2.07 percent. If we look at the Asian markets, SGX Nifty has lost 1 per cent and Hang Seng is down by 3.23 per cent. On the other hand, the Shanghai SE Composite Index lost 1.19 per cent, while the Taiwan Tea Sector 50 Index lost 1.87 per cent.Crude oil price crosses $96While the decline in the stock markets continues, on the other hand, on Tuesday, the price of Brent crude has reached an 8-year high. The price of Brent crude in the international market has crossed $96 per barrel. Russian President Vladimir Putin has recognized the independence of the Russian-backed separatist regions of Donetsk and Luhansk in eastern Ukraine. The US then announced financial sanctions against rebel areas in eastern Ukraine, which have been re-recognized by Russia.