Financial and automobile stocks dragged Indian equity indices into the red in the second half of a turbulent day. However, gains in IT and oil & gas stocks curbed the losses. One week after Russia's invasion of Ukraine, geopolitical uncertainty continued to make investors uneasy around the world.
Both of the major indices ended the day with a 0.7 percent loss. The Sensex fell 366.2 points to 55,102.7, while the Nifty50 index finished at 16,498.1, down 107.9 points from its previous closing.
UltraTech, Asian Paints, HDFC Life, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer were among the top blue-chip laggards, with shares sliding between 3.1 percent and 6.7 percent. ONGC, UPL, Power Grid, Wipro, Tech Mahindra, Indian Oil, and Coal India, on the other hand, surged the most among the 18 gainers in the Nifty50 index, increasing between 2.2 percent and 4.6 percent. The 30-scrip index was dragged down by ICICI Bank, Asian Paints, Reliance Industries, and Hindustan Unilever.
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