On BSE, market breadth was quite positive as 2,037 shares gained while 1,284 shares declined.
New Delhi: Indian stock indexes on Thursday extended their second consecutive loss as the Russia-Ukraine conflict intensified. Both indexes started higher but gave up their respective gains in afternoon trade, as losses in auto and banking stocks offset gains in IT shares. (IT) and energy.
Benchmark BSE Sensex fell 366 points, or 0.66%, to close at 55,103; while the broader NSE Nifty dropped 108 points, or 0.65%, to 16,498.
Brent crude rose more than 5% to $120 a barrel as Western nations tightened sanctions on Russia following its invasion of Ukraine.
Back home, mid-cap and small-cap stocks ended mixed as the Nifty Midcap 100 index fell 0.40% and small-cap stocks gained 0.35%.
Most of the industry indicators – compiled by the National Stock Exchange – are trading in the red. Nifty Auto and Nifty Bank underperform the index, falling by 2.28% and 1.21%, respectively. However, Nifty IT and Nifty Oil & Gas increased by 1.22% and 1.46% respectively.
On the stock-specific front, ONGC was the Nifty that fell the most as shares rose 4.60% to Rs 170.45. UPL, PowerGrid, Wipro and Tech Mahindra are also among the laggards.
On BSE, market breadth was quite positive as 2,037 shares gained while 1,284 shares declined.
On the 30-stock BSE index, UltraTech Cement, Asian P Paint, Dr Reddy’s, Maruti, Hindustan Unilever and ICICI Bank were among the biggest losers.
In contrast, PowerGrid, TechM, Wipro, HCL Tech, ITC and Tata Steel finish in green.
