The increased possibility of open war between Russia and Western countries over Ukraine is not giving the domestic stock market a chance to recover. Even though the domestic stock market started well on Wednesday, but by the end of the evening, all the bullshit got lost. After the end of the day’s trading, both Sensex and Nifty remained in loss. In this way, the market closed down for the sixth consecutive day.
IT-backing shares could not handle the market
Sensex started trading with a gain of more than 350 points due to support received at low level and and rise in IT and banking stocks. The market remained in the green zone for almost the entire day with limited range fluctuations. However, investors cautious about the Ukraine crisis could not hold the market. When the trading ended, the Sensex fell 68.62 points (0.12 per cent) to 57,232.06 points. NSE Nifty also ended at 17,063.25 with a loss of 28.95 points (0.17 per cent).
Russia- Ukraine Crisis dominates the global market
The pressure of the Ukraine crisis remains on the global market. Investors are nervous due to the fast changing developments and the situation created by the war. Yesterday, the Dow Jones Industrial Average had lost up to 600 points. Today Asian markets are doing mixed trade. South Korea’s Kospi and China’s Shanghai Composite are up marginally, while some other major Asian markets are down.