Sensex Nifty fall for sixth day amid lingering Ukraine crisis

Mumbai: Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment.
The Sensex closed 68.62 points or 0.12 per cent lower at 57,232.06 and the Nifty ended 28.95 points or 0.12 per cent down at 17,063.25.
For better part of session, both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscow’s troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war.
The Sensex breadth was equally divided between gains and losses.
NTPC, L&T, Nestle and ICICI Bank shares dropped the most on the index.
“As global markets turned positive, domestic indices opened the day on a positive note, however, witnessed high volatility and succumbed to selling pressure to close the day in favour of bears. The impact of geopolitical uncertainties and soaring fuel costs will continue to keep markets across the globe highly volatile. Broader markets outperformed benchmark indices while on the sectoral front, realty stocks attracted buyers,” Vinod Nair, Head of Research at Geojit Financial Services said.

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