Sensex, Nifty log 6th straight day of loss amid lingering Ukraine crisis | Markets News

Mumbai: Sensex and Nifty stock markets expanded their losses to a six-year high on Wednesday as the pending Ukraine crisis continued into investor sentiment.

The Sensex closed 68.62 points or 0.12 per cent lower at 57,232.06 and Nifty finished 28.95 or 0.12 per cent lower at 17,063.25.

For the best part of the season, both indicators have traded in the positive territory tracking mostly Asian highs as investors expect Western sanctions on Russia following Moscow military moves near the Ukrainian border. Vladimir Putin tones carelessly and leaves little room to avoid war.

Sensex breadth is equally divided between gains and losses.

Shares of NTPC, L&T, Nestle and ICICI Bank fell sharply on the index.

Elsewhere in Asia, loans closed sharply, hoping a war in Ukraine could be avoided after the US, Japan and European powers imposed sanctions on Russia.

Markets closed down on Wall Street on Tuesday after Russia sent troops into the eastern regions of Ukraine, increasing tensions.

Russian President Vladimir Putin recognizes the independence of two territories held in Ukraine, raising fears of a full-blown coup.

US Secretary of State Tony Blinken on Tuesday canceled a scheduled meeting with Russian Foreign Minister Sergei Lavrov later this week in protest of what he said was the beginning of Russia’s offensive against Ukraine.

Crude Brent futures stood last at USD 96.74 a barrel, easing above Tuesday of USD 99.50.

Foreign investment investors continued their sales in Indian markets as they raised dividends to Rs 3,245.52 crore on average on Tuesday, according to exchange data.

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