Sensex crashes 2702 points amid Ukraine strike

February 24, 2022 15:50

Residents flee Kyiv after the Russian invasion

Sensex crashes 2702 points to close at 54,529; Nifty ends at 16,247.

Stocks plunged and oil prices surged by more than $5 per barrel Thursday after President Vladimir Putin launched military action in Ukraine, prompting Washington and Europe to vow sanctions on Moscow that may roil the global economy.

Market benchmarks in Europe and Asia fell by as much as 4% as traders tried to figure out how large Putin's incursion would be and the scale of Western retaliation. Wall Street futures retreated by an unusually wide daily margin of 2.5%.

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