Russia-Ukraine war, dipping auto sales dampen market mood – Maruti, ICICI Bank, HDFC Bank, Hero MotoCorp amongst top losers

• Indian stock markets felt the pressure of escalating tensions between Russia and Ukraine.
• While the benchmark Nifty50 and Sensex opened in the green today, they were both down by over 1% each.
• 70-80% of the scrips in both the benchmark indices were in the red as of 11 a.m., including major stocks like Maruti Suzuki, ICICI Bank, HDFC Bank and Hero MotoCorp.

Escalation of tensions in the ongoing Russia-Ukraine war has led the Sensex and Nifty plunge by over 1% on Wednesday, a day after a market holiday . Over 70% of the stocks in the benchmark Nifty50 index were in the red, while 80% of the scrips on Sensex were in the red.

The top losers include Maruti Suzuki, ICICI Bank, HDFC Bank, Hero MotoCorp and others. Maruti Suzuki’s shares shed over 4% as of 11 a.m., and one of the contributors to the fall, apart from the overall market sentiments, could be the subdued sales numbers in February. India’s largest car maker’s sales growth was flat in February when compared to a year ago, with a little over 1.64 lakh unit sales.

Top losers in Nifty50

Source: NSE

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