Sensex tanks 700 points, Nifty down at 16,958 | Top performing shares
India Today
Among the few gainers, Coal India settled higher for a third straight session, adding 4.4 per cent after the miner said it raised supplies to thermal power stations due to rising demand.
The Sensex and Nifty wiped out the session's gains in the final hour of trade on Tuesday, with selling seen across the board after Russia said it was starting a new stage of what it calls its special military operation in Ukraine.
The NSE Nifty 50 index closed 1.25 per cent or 215.00 lower at 16,958.65, while the S&P BSE Sensex fell 1.23 per cent or 703.59 to 56,463.15, after rising around 0.5 per cent each earlier in the session.
Among the few gainers, Coal India settled higher for a third straight session, adding 4.4 per cent after the miner said it raised supplies to thermal power stations due to rising demand.
Reliance Industries closed up 3.8 per cent at a two-week high after Morgan Stanley added it to its global emerging market focus list, citing "multiple positive triggers lining up for the conglomerate to outperform."
Hammered by losses in technology stocks after a weak set of earnings from IT companies, both indexes had shed roughly 2 per cent each in the previous session.
At close on Tuesday, 43 of the 50 stocks on the Nifty 50 index were trading in negative territory. All major Nifty sub-indexes settled lower with Nifty's IT sub-index sliding for a eighth straight session and closing down 3 per cent.
Private-sector lenders HDFC Bank extended losses to a ninth session and settled down 3.8 per cent.
