(Image source from: Timesofindia.indiatimes.com)
Russia-Ukraine Crisis: Investors lose Rs 10 lakh crore in a day:- With the war between Russia and Ukraine, the entire globe is shattered. Russia announced war and started the military operations today. This is having a huge impact on the global markets. The markets in India plunged down by 3 percent and the investors lost close to Rs 10 lakh crores in a day. BSE came down by 1918 points or 3.35 percent to 55,314 and Nifty came down by 584 points or 3.4 percent to 16,479. There is a huge downfall in the sectors of bank, auto, FMCG, financial services, IT, Pharma and real estate.
The midcap 100 and small-cap 100 of Nifty have seen a slump by more than 4 percent and the Nifty index came down by 3 percent. The total loss in the country is more than Rs 10.3 lakh crores. BSE market fell to Rs 245.3 lakh crore from Rs 255.6 lakh crores. The investors lost more than Rs 29 lakh crores in a period of four months. After the full-blown war between Russia and Ukraine, all the markets plunged down badly. The fear of the supply chain disruption is the major cause behind the oil price rise. Russia happens to be the second-largest natural gas producer and third-largest oil producer. Countries like USA and Europe started imposing several sanctions on Russia.