Sensex near 54K, Nifty at 16,200; auto, banks top drags

Russia’s military action and sanctions imposed by the U.S. and its allies are creating a range of risk

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Sensex near 54K, Nifty at 16,200; auto, banks top drags

Indian indices slumped on Friday. Asian shares and US stock futures fell while oil prices jumped following reports of a fire in Ukraine nuclear power plant, the largest in Europe. At 11am, Sensex fell 1,159.01 pts to 53,943.67, Nifty was down 353.90 pts at 16,144.15.

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Russia's military action and sanctions imposed by the U.S. and its allies are creating a range of risks. They include high raw material costs, damage to global confidence that can sap investment and the potential for credit stress to ripple through markets.


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