Markets are trembled by the Russia-Ukraine crisis.
Russia's war on Ukraine, Indian benchmark stocks plummeted, causing investors' wealth to plummet by more than Rs 10 lakh crore in less than an hour. As the Russia-Ukraine conflict intensified, the BSE Sensex and NSE Nifty 50 both dropped more than 4.5 percent today
On Thursday, as a result of Russia's war on Ukraine, Indian benchmark stocks plummeted, causing investors' wealth to plummet by more than Rs 10 lakh crore in less than an hour. As the Russia-Ukraine conflict intensified, the BSE Sensex and NSE Nifty 50 both dropped more than 4.5 percent today. The Sensex closed at 54,529.91, down 2,702.15 points, or 4.72 percent, while the Nifty ended at 16,248.00, down 815.30 points, or 4.78 percent. Approximately 240 shares have increased in value, 3084 shares have decreased in value, and 69 shares have remained steady.
The statement by Russian President Vladimir Putin that he would launch a military campaign in Ukraine threw global markets into a tailspin. Putin declared a military campaign in Ukraine on Thursday and warned other nations that interfering with the Russian operation would result in unimaginable repercussions.
The escalating worry about the Ukraine conflict has driven global financial markets into a correction mode. Market analysts advise investors to wait and see how the situation develops before making any significant decisions. They also recommend that buying be limited to stocks or segments that are fairly valued or have solid earnings visibility.
Russia's escalation of hostilities has rattled global markets, as predicted. "While today's drop is a reaction to this announcement, markets have already included such a scenario," said Deepak Jasani, head of retail research at HDFC Securities. As a result, a short-term bottom might occur today or tomorrow."
Russian aggression in Ukraine might signal the start of something far bigger: a geopolitical change that ushers the globe into a 21st-century Cold War. Even if this is true, the empirical facts imply that the financial consequences for smart, diversified investors who live far away from immediate danger zones may not be as severe.
The Cold War was devastating and debilitating for large populations, yet it was a great time to invest in stocks. The Dow Jones industrial average outperformed the market even amid recessions and regional conflicts.