_Vinayak Barot
Mumbai: With an announcement from the Russian President, Vladimir Putin, to launch the military operation in Ukraine – The Indian share market on Thursday reported a loss of 12 lakh crores.
According to the media report, on Thursday, nine out of ten stocks are in the loss, and investors have lost more than 12 lakh crore so far. With the tension between Russia and Ukraine, the price of other commodities may surge in the next two or three days.
A total of 2758 of 3057 shares were trading lower for the day, another 95 were unchanged and only 224 stocks were defying the weak trend.
The Bombay Stock Exchange (BSE) plummeted two thousand points down, from – around 57,200 to 55,370 (Approx 3.50 percent down). The NSE Nifty50 – was trading at 16,490.45, down 573 points or 3.36 percent. BSE midcap and smallcap indices fell in tandem with larger peers.
Investors were concerned over oil prices which topped $100 a barrel level today.
The BSE market capitalization fell to Rs 246 lakh crore, from Rs 256 lakh crore in the previous session. It was down a whopping Rs 16 lakh crore since February 16 close of Rs 246 lakh crore. One out of every six stocks had hit its lower circuit limit by this time.
The drop in cryptocurrency prices comes as equity markets tumble after Russia launched a military attack on Ukraine.
Cryptocurrencies fell sharply on Thursday after Russia launched an attack on Ukraine.
Bitcoin was down more than 8% at $34,702.18 at around 2:25 a.m. ET on Thursday, according to Coindesk data. That was the lowest level in a month. Ether plunged more than 12% and was trading at $2,325.18.
More than $150 billion has been wiped off the entire cryptocurrency market in the last 24 hours, according to Coinmarketcap data.