Sensex, Nifty slip into red in volatile opening trade

After opening over 300 factors increased, the 30-share Sensex reversed positive aspects to enterprise into the adverse zone combating bouts of volatility. The gauge was buying and selling 117.44 factors or 0.20 factors decrease at 57,879.24.

The BSE gauge Sensex dropped over 117 factors to commerce under 57,900-level in a extremely unstable opening session on Thursday, as traders weighed geopolitical tensions between Russia and Ukraine.

After opening over 300 factors increased, the 30-share Sensex reversed positive aspects to enterprise into the adverse zone combating bouts of volatility. The gauge was buying and selling 117.44 factors or 0.20 factors decrease at 57,879.24.

Equally, the NSE Nifty edged decrease by 23.45 factors or 0.14 per cent to 17,298.75.

On the Sensex chart, IndusInd Financial institution, Axis Financial institution, ICICI Financial institution, UltraTech Cement and HDFC Financial institution had been amongst main laggards. Of the Sensex constituents, 16 shares had been buying and selling within the purple.

Elsewhere in Asia, markets had been buying and selling combined as traders remained cautious after the US administration maintained {that a} chance of Russian invasion on Ukraine was nonetheless on.

A Russian invasion of Ukraine can occur anytime now, the White Home stated on Wednesday.

International crude oil benchmark Brent Futures fell 0.86 per cent to USD 93.99 per barrel on Thursday.

International institutional traders (FIIs) had been web sellers within the capital market on Wednesday, as they offloaded shares price 1,890.96 crore, in response to inventory change information.

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