Thursday (24 Feb 2022) was marked by a stock market collapse. The Sensex and Nifty started trading with big declines. Global markets are also under pressure because of the Russia-Ukraine crisis.
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After the market opened, the Sensex dropped 1,814 points and opened at 55,418.45, down from 56 thousand. Additionally, Nifty also started trading at a loss of 514 points and opened below 17k at 16,548.90. Investing in bumpers was seen on both exchanges. As of 9.25 am, the Sensex was trading at 55,743, down 1,448 points. At 16,444, the Nifty was also trading 419 points lower.
Red mark on all sectors
On the BSE and NSE, there are declines in all sectors. Stocks in the auto, bank, FMCG, oil & gas, IT, energy, and real estate sectors are trading at losses of 2 to 4 percent. Midcap and smallcap stocks have also fallen up to 3 percent on the BSE. The Nifty Bank stocks have also fallen by 4 percent.
The Asian markets open with losses as well
During the Asian market opening on February 24, traders started trading with a fall. Singapore’s stock exchange opened with a loss of 1.65 percent and Japan’s with a loss of 1.12 percent. On top of this, there was a decline of 1.18 percent on the Stock Exchange of Taiwan and a fall of 1.72 percent in South Korea. Investors in India will definitely be affected by the fall in Asian markets.
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