Investors left risk assets after Russian President Vladimir Putin ordered a special military operation in Ukraine’s Donbas region. Indian stocks fell more than 3% on Thursday.
By 0916 IST, the blue-chip NSE Nifty 50 index had fallen 2.45 percent to 16,644.40, while the S&P BSE Sensex had fallen 2.55 percent to 55,773.81. Both indexes opened more than 3% lower, putting them on track for their longest losing streak since March 2020, as they fell for the seventh consecutive day.
Stocks falls after Russia attacks on Ukraine
Explosions erupted in Donetsk, a separatist city in eastern Ukraine, as Russian President Vladimir Putin ordered a military campaign on Thursday, potentially igniting a European war over Russia’s demands for a stop to NATO’s eastward expansion. The Nifty Realty index and the Nifty public sector bank index were the worst losers in Mumbai, each losing more than 3%.