AGL 5.75 Decreased By ▼ -0.08 (-1.37%)
ANL 9.08 Increased By ▲ 0.05 (0.55%)
AVN 79.25 Increased By ▲ 0.45 (0.57%)
BOP 5.21 Increased By ▲ 0.05 (0.97%)
CNERGY 4.73 Increased By ▲ 0.05 (1.07%)
EFERT 81.22 Increased By ▲ 0.67 (0.83%)
EPCL 50.87 Decreased By ▼ -0.84 (-1.62%)
FCCL 13.51 Decreased By ▼ -0.10 (-0.73%)
FFL 5.82 Decreased By ▼ -0.03 (-0.51%)
FLYNG 7.25 Increased By ▲ 0.13 (1.83%)
FNEL 4.80 Decreased By ▼ -0.05 (-1.03%)
GGGL 8.90 No Change ▼ 0.00 (0%)
GGL 15.82 Decreased By ▼ -0.23 (-1.43%)
HUMNL 5.88 Increased By ▲ 0.08 (1.38%)
KEL 2.59 Decreased By ▼ -0.01 (-0.38%)
LOTCHEM 29.98 Decreased By ▼ -0.03 (-0.1%)
MLCF 25.28 Decreased By ▼ -0.12 (-0.47%)
OGDC 72.63 Increased By ▲ 0.48 (0.67%)
PAEL 15.43 Decreased By ▼ -0.06 (-0.39%)
PIBTL 5.13 Increased By ▲ 0.12 (2.4%)
PRL 16.48 Increased By ▲ 0.08 (0.49%)
SILK 1.09 Decreased By ▼ -0.01 (-0.91%)
TELE 9.53 Decreased By ▼ -0.12 (-1.24%)
TPL 7.40 Increased By ▲ 0.10 (1.37%)
TPLP 19.29 Increased By ▲ 0.06 (0.31%)
TREET 21.87 Decreased By ▼ -0.08 (-0.36%)
TRG 144.68 Decreased By ▼ -0.29 (-0.2%)
UNITY 17.56 Increased By ▲ 0.94 (5.66%)
WAVES 10.01 Increased By ▲ 0.01 (0.1%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 4,258 Increased By 27.9 (0.66%)
BR30 15,841 Increased By 19.2 (0.12%)
KSE100 42,374 Increased By 302.3 (0.72%)
KSE30 15,665 Increased By 161 (1.04%)
Follow us

BENGALURU: Indian shares extended their fall to a fifth straight session on Tuesday over concerns that a fresh escalation in Russia-Ukraine tensions could push oil prices higher and stoke inflation.

The blue-chip NSE Nifty 50 index ended down 0.67% at 17,092.20, while the S&P BSE Sensex fell 0.66% to 57,300.68.

The benchmark indexes fell 2% earlier in the day, with the Nifty breaking below the key 200-day moving average, a bearish technical signal, after falling below the 50-day and the 100-day moving averages this month.

Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, drawing US and European condemnation for acceleration of a crisis the West fears could unleash a major war.

Indian shares end lower as energy, pharma stocks fall amid Ukraine tensions

"The situation is very fluid; if a response from the West is very swift and sharp then it will lead to further problems and rising crude prices is certainly a major headwind for India as it has inflationary consequence," said V.K. Vijayakumar, chief investment strategist at Geojit Financial Services.

In Mumbai trading, heavyweight financial firm Bajaj Finserv and automaker Mahindra and Mahindra each gained more than 1%, helping limit market losses.

The Nifty and the Sensex have fallen more than 1% this month so far on geopolitical tensions, concerns around inflation and expected rate hikes by the US Federal Reserve.

Foreign investors have sold a net $6.91 billion in Indian equities so far this year, while domestic institutional investors have poured in a net $5.45 billion, according to Refinitiv data.

"On the positive side, fund flows from domestic investors continue to remain strong. And any sharp fall in equities would be viewed by domestic investors as a buying opportunity if you take a medium-to-long-term view," said Ajay Bodke, an independent market analyst.

Comments

Comments are closed.

Indian shares fall for fifth session as Russia-Ukraine tensions mount

Pakistan seeks support from Bank of China to bring back macroeconomic stability

Pakistan receives $500mn from AIIB: finance ministry

Submarine cable disruption hits Pakistan's internet services

Ten terrorists killed in gun battle with security forces in Balochistan: ISPR

Gen Qamar Javed Bajwa hands over baton of command to Gen Asim Munir

Rupee remains stable at 223.95 against US dollar

ECP spokesperson sacked over statement regarding dissolution of assemblies

Hina Rabbani Khar meets interim Afghan government leadership on one-day Kabul trip

Oil jumps on hopes for easing of China’s COVID controls

Islamabad court extends Azam Swati’s remand for 4 days