People watch share prices on an electronic board outside the Bombay Stock Exchange (BSE) in Mumbai, Tuesday, February 1, 2022.
Highlight
- War and crude oil boom have changed economic landscape and market expectations
- If the Russo-Ukraine war lasts longer, global economic growth could suffer
- In the previous session, the Sensex fell 366 points to 55,102 and the Nifty fell 107 points to close at 16,498.
Investors’ wealth fell by over Rs 4 lakh crore in morning trade on Friday as the markets took a huge hit.
Continuing the fall for the second day too, the BSE gauge fell 1,148.05 points or 2 per cent to end at 53,954.63. Tracking the decline in equities, the market capitalization of BSE-listed companies fell by Rs 4,09,554.44 crore to Rs 2,46,96,434.57 crore in morning deals.
Asian Paints, Maruti Suzuki India, Hindustan Unilever, Titan and M&M fell up to 6.8 per cent in morning trade.
In the previous session, the BSE 30-share index had closed at 55,102.68, down 366.22 points or 0.66 per cent.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The war and the crude oil boom have completely changed the economic landscape and market expectations. If the war continues, global economic growth may get hit.”