(Image source from: PTI)
Stock market ends in losses for the Fifth Day:- The battle between Russia and Ukraine is having an impact on the stock market and the losses are expected to be huge. The stock market ended up in losses for the fifth day in a row. The crude prices came down badly and the sensex is down by 382.91 points or 0.66 percent at 57,300.68. Nifty is down by 114.50 points or 0.67 percent and is at 17,092.20.The global markets plunged badly because of the Russia and Ukraine issue apart from a sharp surge in the oil prices. Several Indian equities opened to huge losses told Vinod Nair, Head of Research at Geojit Financial Services.
The market today opened to 2 percent lower on the global cues and remained under pressure. Sensex bounced back in the morning but it ended up losses by the end of the day. The United States and its European allies are in plans to announce new sanctions against Russia after Vladimir Putin recognized two breakaway regions in eastern Ukraine. Tata Steel, TCS, BPCL, Tata Motors and SBI Life Insurance are among the top losers in Nifty. M&M, Bajaj Finserv, Eicher Motors, Hindalco Industries and ONGC ended up in profits.