[ad_1]
Ongoing Russia-Ukraine war has brought a huge negative impact on the market and on commodities. On 24th February, the day on which war started, the NIFTY went down about 4.75 per cent intraday. Zee Business, Senior Research Analyst Kushal Gupta analyses the impact of the war.
Whereas, from 24th February to 7th march, the NIFTY fell almost 7 per cent, said Gupta.
He also added that, during the fall, Metal index and IT index were the main stocks to take the hit.
He further stated that, due to the threat and fear of nuclear war looming over; the situation was poised to go more downhill. However, the intensity of the war dialled down as talks between Russia and Ukraine started. As a result, the market stabilized from earlier projections.
Overall, in the last 4 months NIFTY has dropped by 8.2% while Bank NIFTY fell by 10%, Gupta analysed.
The biggest loss was faced by small cap stocks as it went down by 16%, said Gupta.
See Zee Business Live TV Streaming Below:
Meanwhile, M&M emerged as the biggest gainer from this period with stock going up 25%. Apart from that, the usual performer ITC gave 23% returns, Gupta told Zee Business.
The real surprise came when Coal India gained by 11%, said Gupta.
He also added that many ups and downs were seen in the commodity market that led to companies like Hindalco taking a beating by 38%. While in the IT sector, Tech Mahindra fell by 31%.
Lastly, Kushal Gupta added that in the sectoral index, metal and IT fell by close to 18-19%. But at the same time, the Auto sector rose by 1.5%.
[ad_2]
Source link
