Sensex drops 778 points as Russia-Ukraine tensions escalate

Maruti was the top laggard in the Sensex pack, falling 6%, followed by Dr Reddy’s, Asian Paints, ICICI Bank, HDFC and HDFC Bank.

Maruti was the top laggard in the Sensex pack, falling 6%, followed by Dr Reddy’s, Asian Paints, ICICI Bank, HDFC and HDFC Bank.

The BSE benchmark Sensex fell 778 points below the 55,500 level on Wednesday following widespread selling in global markets as the Russia-Ukraine crisis escalated.

The 30-share BSE index closed at 55,468.90, down 778.38 points or 1.38%. Similarly, the NSE Nifty fell 187.95 points or 1.12% to end at 16,605.95.

Maruti was the top laggard in the Sensex pack, falling 6%, followed by Dr Reddy’s, Asian Paints, ICICI Bank, HDFC and HDFC Bank.

On the other hand, Tata Steel, Titan, Reliance and Nestle India were among the gainers.

In other Asian markets, shares in Hong Kong, Tokyo and Shanghai ended with losses, while Seoul closed in the green.

European stock exchanges were trading mixed in the afternoon trade.

Tracking the Ukraine crisis, Brent crude futures rose 5.09% to $110.31 a barrel.

Foreign institutional investors continued their sell-off, selling shares worth Rs 3,948.47 crore in the Indian capital market on Monday, exchange data showed.