Indian shares fall over 3% as Ukraine tensions escalate
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BENGALURU - Indian shares plunged more than 3% on Thursday, as investors fled risk assets after Russian President Vladimir Putin authorised a special military operation in Ukraine's Donbass region.
The blue-chip NSE Nifty 50 index was down 2.45% at 16,644.40 by 0346 GMT and the S&P BSE Sensex was 2.55% lower at 55,773.81. Both indexes opened more than 3% lower and were headed for their longest losing run since March 2020, down for a seventh straight session.
Explosions rocked the breakaway eastern Ukrainian city of Donetsk after Russian President Vladimir Putin authorised a military operation on Thursday in what could be the start of war in Europe over Russia's demands for an end to NATO's eastward expansion.
In Mumbai, the Nifty Realty index and the Nifty public sector bank index were the top losers, shedding more than 3% each.
(Reporting by Rama Venkat in Bengaluru; Editing by Subhranshu Sahu)
