In Asia, stock markets regained some lost ground on reports of a possible meeting between US President Joe Biden and Russian President Vladimir Putin on the Ukraine issue.
In Asia, stock markets regained some lost ground on reports of a possible meeting between US President Joe Biden and Russian President Vladimir Putin on the Ukraine issue.
Domestic equity gauge Sensex tumbled over 600 points in opening session on February 21, in line with sell-off in global equities amid ongoing geopolitical tensions in Eastern Europe.
The 30-share BSE benchmark was trading 606.30 points or 1.05% lower at 57,226.67 and the NSE Nifty was down 189 points or 1.09% at 17,087.30 in opening deals.
Barring NTPC and POWERGRID, all Sensex stocks were trading with moderate to heavy losses.
Elsewhere in Asia, its initial deals saw massive sell-offs, but some lost ground was regained over reports of a possible meeting between US President Joe Biden and Russian President Vladimir Putin over the Ukraine issue.
Mr Biden has agreed “in principle” to a meeting with Mr Putin as long as that country bans what US officials believe is an imminent attack on Ukraine.
White House press secretary Jen Psaki said the administration was clear that “we are committed to advancing diplomacy until the invasion begins”.
Crude oil benchmark Brent futures were trading 0.30% lower at 93.33 per barrel.
Continuing their selling spree, foreign institutional investors offloaded ₹2,529.96 crore worth of shares in the Indian capital market on February 18, data from the exchange showed.
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