Sensex plunges 1,000 Points, Nifty below 16,900 amidst twist In Russia-Ukraine conflict

Indian share markets fell 1,000 points on Tuesday amid the new heights in the tensions between Russia and Ukraine. Last night, Russian President Vladimir Putin recognised the independence of the Donetsk and the Luhansk regions in Eastern Ukraine.

Sensex was trading at 56,603, over 1,000 points lower as of 9:40 AM, Nifty50 on the other hand, was down over 300 points, and was trading below 16,900.

All the sectors were trading in the red with L&T, TCS and Dr Reddy's being the top losers at Sensex. On Nifty50, L&T, TCS and UPL were the top loser. 30 out of 30 stocks in Sensex were in the red and all the indices in Nifty50 were also in the red.

The prices of Brent Crude oil also touched $97 per barrel as the address of Russian President Vladimir Putin went live last night.

Other Asian markets were also reacting to the new geopolitical tensions. Japan's Nikkei 225 was down 600 points or 2.24 per cent as of 9:30 AM (IST). Hong Kong's benchmark index Hang Seng was down 3 per cent or 720 points and Australia's ASX lost 115 points and was down 1.5 per cent.

Yesterday, US' S&P closed 0.72 per cent lower amid fresh tensions.