The Russia-Ukraine war has worsened the situation on global markets. On Monday, the stock markets in the United States saw a tremendous decline. The BSE Sensex fell 1,300 points with the opening of trading. However, the index fell by more than 1,500 points by 9.32. During this time, it was running at a level of 52,799.76. The index recorded a drop of 1,534.05 points or 2.82%. In the meantime, the NSE Nifty traded at 15,813.10. It also dropped by 432.25 points or 2.66%.
Sensex and Nifty lost nearly three percent in early trade on Monday due to weakened global markets and rising crude oil prices. The stock markets fell for the fourth straight trading session on Monday.
In the Sensex, Maruti Suzuki, Mahindra & Mahindra, Larsen & Toubro, and ICICI Bank were the biggest losers.
As of the last trading session, the Sensex closed at 54,333.81 with a loss of 768.87 points, or 1.40 percent. On the NSE, the Nifty was down 252.70 points or 1.53 percent and closed at 16,245.35.
Tokyo, Shanghai, and Hong Kong were all in the red among other Asian markets. In the meantime, Brent crude oil rose 8.84 percent to $128.6 per barrel. According to provisional data from the stock market, foreign institutional investors sold shares worth a net of Rs 7,631.02 crore on Friday.