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Russia-Ukraine crisis: Sensex crashes over 2,000 points today, Nifty settles below 16,250-mark

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The Indian equity indices on Thursday dragged the Sensex by over 2,000 points as Russia invaded Ukraine. Soon after Russian President Vladimir Putin announced war against Ukraine, the stock market experts have started claiming that it is one of the worst market crash in the history of the Indian stock market.

It is the 10th biggest market crash in history as Russia invades Ukraine, the moneycontrol reported.

The benchmark BSE Sensex crashed 2,702 points (4.72%) to close at 54,530 while the broader NSE Nifty moved 815 points (4.78%) lower to settle at 16,248. Both the indexes fell for the seventh straight session, marking their worst run since March 2020.

Following Russia-Ukraine war, the investors lost over Rs 7.5 lakh crore within minutes of market opening. The market cap of BSE-listed firms fell by Rs 7.59 lakh crore after investor wealth declined to Rs 248.09 lakh crore against Rs 255.68 lakh crore in the previous session.

Among 15 sectors which was running in trouble, the Nifty PSU bank and auto underperformed the index by falling as much as 8.26% and 6.26%, respectively.

With the market capitalisation (m-cap) of BSE-listed companies falling from Rs 255 lakh to Rs 242 crore mark, the investors have lost 13.57 lakh crore in wealth in a sharp plunge on the Dalal Street today amid Russia-Ukraine war.

Read Also: Russia-Ukraine crisis: Indian students stranded in Kyiv, say no transport available, where should we go, video goes viral | WATCH

On January 24, the Sensex had so far witnessed its worst intra-day decline. However, today’s loss turned out to be the 10th biggest intra-day fall in the history of the BSE Sensex.

Oil prices breached 100 USD per barrel for the first time since 2014. India is the world’s third-largest importer of oil.

2024 Lok Sabha Elections

MK Stalin says if Prime Minister Narendra Modi comes to power again, the country would go back by 200 years

MK Stalin said if PM Modi comes to power again, the country will be pushed back by 200 years and history will be rewritten.

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Tamil Nadu CM and DMK leader MK Stalin said on Tuesday that if Prime Minister Narendra Modi comes to power again, India would be pushed back by 200 years.  Stalin was addressing a rally in Sriperumbudur in the state in support of DMK candidate TR Baalu, he said, if PM Modi comes to power again, the country will be pushed back by 200 years and history will be rewritten.  He asserted that science will be pushed back, and superstitious stories will be given prominence. He added that Dr BR Ambedkar’s constitution will be replaced by the rules of the RSS.

The Tamil Nadu chief minister said a vote for the BJP is a vote for the enemy of state, a vote for the AIADMK is a vote for the betrayers of the state. Stalin hit out at the AIADMK and said that voting for the AIADMK was equivalent to voting for the BJP.

He added the AIADMK and the BJP were called natural allies, but they are now acting as if they are separated. The Tamil Nadu CM pointed out that when he was asked if the AIADMK would support the BJP in case they need majority, Edappadi K Palaniswami did not say that the AIADMK would not support the BJP. Stain said everybody is waiting to see AIADMK’s answer.

The Tamil Nadu CM asserted that the AIADMK can never go against the BJP. He said a vote for the AIADMK is equivalent to a vote for the BJP. Stalin responded to former chief minister and AIADMK general secretary Palaniswami’s claim that he had got several awards from the centre and said that Palaniswami had got the awards for being the best of slaves. He said they are carefully implementing schemes for the development of Tamil Nadu and Palaniswami claims that he has got awards from the central government.

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PM Modi greets nation on Ram Navmi, says Ayodhya is in incomparable bliss

PM Modi also recalled the consecration ceremony of Ram Lalla at the Ram Temple in Ayodhya on January 22.

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Prime Minister Narendra Modi greeted the country today on the occasion of Ram Navami. He said that Ayodhya is experiencing incomparable bliss as this is the first time the festival is being observed there following the consecration of the Ram temple.

He said in a series of posts on X that this is the result of the nation’s citizens’ years of hard labor and sacrifice.

Ram Navami celebrates the birth of Lord Ram, and a temple was just dedicated in Ayodhya at the place of his purported birth.

Together with a huge number of people, Prime Minister Modi expressed his gratitude and overwhelm at being present for the consecration ceremony in Ayodhya.

He claimed that the same energy still pulses through his memory of that particular moment.

Indians have a strong emotional attachment to Lord Ram. Ram Navami is also a moment to honour and remember the saints and devotees who gave their lives to build the Ayodhya temple, according to Prime Minister Modi.

Following the official opening of the Ram Mandir, Ayodhya has been decorated to greet worshipers on the first Ram Navami.

Vibrant lights have been used to brighten the entire temple complex. The Janmabhoomi Path has a crimson carpet spread on it to make it easier for devotees to walk about in the intense heat. For the comfort of devotees, carpets have also been installed inside the temple premises.

To shield devotees from the sun, a permanent canopy has been installed on the Janmabhoomi Path, while a temporary cover has also been installed on the Bhakti Path. In addition, the Ayodhya administration has installed assistance booths at 29 locations throughout the Mela region, extending from Tedhi Bazar to Naya Ghat.

Meanwhile, on Wednesday at 12:15 p.m., the eagerly awaited Surya Abhishek of Ram Lalla will take place. The celestial event will run for four minutes. The Sun’s rays will create a 75 mm tilak on Ram Lalla’s forehead during this time.

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Gujarat Jain couple donate Rs 200 crore wealth, renounce world

The Bhandari couple was accompanied by 35 individuals in February and led a 4 km procession during which they donated all their belongings, from mobile phones to air conditioners.

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A Gujarat-based businessman and his wife have donated their lifetime earnings of Rs 200 crore and have taken the decision to renounce all materialistic desires to become Jain monks. In February this year, Bhavesh Bhandari and his wife donated all their wealth during a ceremony. The Bhandari family, which hails from Himmatnagar, has been in the construction business. The family decided to follow in the footsteps of their 16-year-old son and 19-year-old daughter, who adopted monkhood in 2022.

Bhavesh Bhandari, who belongs to a Jain family, had been a part of construction business in Ahmedabad and Sabarkantha and was accustomed to a life of luxury and prosperity from a young age. The Bhandari couple was accompanied by 35 individuals in February and led a 4 km procession during which they donated all their belongings, from mobile phones to air conditioners. A short video clip from the event shows the couple wearing regal attire on top of a chariot and making donations. Adorned in rich attire and jewellery, they stood atop a truck adorned to resemble a chariot, tossing garments and banknotes to the people standing below,

After the couple made their pledge on April 22 to adopt monkhood, the couple is going to break all familial relations and renounce any material possessions and desires. Afterwards, they will begin a barefoot journey across India and will sustain themselves solely on alms.

According to reports the couple will be allowed to own two white garments, an alms bowl, and a rajoharan, a white broom used by Jain monks to clear insects from an area before sitting — a symbol of the non-violent path which they follow. In a similar incident in January, the 8-year-old daughter of a Gujarati diamond merchant renounced material comforts and worldly desires to embrace monkhood. Devanshi Sanghv had participated in a grand procession with camels, elephants, horses and great fanfare before embracing a life of monkhood.

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