The key benchmark indices extended their opening losses and slipped around 3 per cent each in early morning trades after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities.
The BSE Sensex was 2000 points lower around 55,300 levels, while the NSE Nifty50 slipped below the 16,500 mark with a fall of nearly 600 points. Consequently, oil prices alsp soared and topped the $100 a barrel-mark for the first time since 2014.
Reports quoted Ukrainian officials as saying that both ballistic and cruise missiles strikes have targeted sites in Ukraine’s capital city Kyiv. The city’s airport is reportedly being evacuated with blasts being reported in three other major cities of Ukraine.
On the bourses, all sectoral indices were bleeding too with maximum losses in Nifty Realty, down 4 per cent. Nifty PSBs, IT, Auto Metal were up to 3.5 per cent lower. All other indices slipped 2 per cent lower.