Sensex Down By 1,500 Points Amid Ukraine Crisis

New Delhi: Amid the sell-off in the global market, the Indian stock market on Monday witnessed a huge fall on Monday as it fell 1,500 points during the day's trading; the Nifty broke the 17,000 level on the downside.

Following the tension between Russia and Western countries over Ukraine issue, the market is under pressure.

On the first day of the week, Asian markets were under heavy pressure, while the strengthening of crude on the issue of Ukraine due to increasing geopolitical risk has added to the weakness in the financial markets.

The rupee too fell by 20 paise to 75.56 against the dollar in early trade on Monday.

As per the analysts, the sentiment of the Indian market has turned very negative in the short term due to the Ukraine crisis. The weakness in the global market is directly related to the Ukraine crisis.

Ukraine Crisis:

The US has warned of a Russian attack on Ukraine, and the weekend talks between US President Joe Biden and Russian President Vladimir Putin did not yield any success. Meanwhile, German Chancellor Olaf Scholz's conquest of Ukraine today and next day's diplomatic talks with Russia are all eyes.

Geopolitical tensions are another setback for risk asset markets, which are already grappling with inflation and prospects of an interest rate hike by the Federal Reserve.

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