Mumbai : Stock markets crashed on Thursday as Russia ordered military operations in Ukraine triggering panic among investors.
The BSE Sensex was down 1,613 points or 2.82 per cent at 10:45 AM. All sectoral indices traded in red amid fears of uncertainty.
Nifty traded below 16,600 and was down 486 points or 2.85 per cent.
As anticipated, Russia today launched military operations in Ukraine which experts see as precursor to full-scale war. Many countries such as US and Canada have stood behind Ukraine but the solidarity has so far failed to stop Russia from marching towards Ukraine.
Global crude prices and gold have also surged as the crisis intensified.
“NYMEX crude trades about 3% higher near $95/bbl after a minor gain yesterday. Crude trades higher supported by supply risks associated with Russia amid increased tensions with Ukraine and sanctions by western countries,” said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.