Sensex ends 2702 pts lower amid D-St | Gold prices today surge to highest in a year

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Domestic equity market benchmarks BSE Sensex and Nifty 50 ended nearly 5 per cent down on Thursday, a day of monthly F&O expiry, as Russia attacked Ukraine. BSE Sensex tumbled 4.7 per cent or 2,702 points to end at 54,530, while Nifty 50 index plunged 815 points or 4.8 per cent to finish trade at 16248. All the 30 stocks on S&P BSE Sensex ended in deep sea of red. IndusInd Bank, Mahindra & Mahindra (M&M), Bajaj Finance, Axis Bank, Reliance Industries Ltd (RIL), HDFC Bank, ICICI Bank, and Infosys, among others were top index draggers. Bank Nifty tumbled 6 per cent or 2,163.95 points to end at 35,228.10. Nifty FMCG too fell over 3 per cent. India VIX, the volatility index, rallied 30.31 per cent to end at 31.98 levels.
Russia makes up for a third of Europe's natural gas and about 10 per cent of global oil production. About a third of Russian gas supplies to Europe usually travel through pipelines crossing Ukraine.
Gold price today at Multi Commodity Exchange (MCX) ascended to its highest levels in more than a year. MCX gold rate today surged ₹2,250 to ₹52,630 per 10 gram while silver jumped 5% to ₹67,926. In spot market, gold price breached its $1925 hurdle and has hit $1950 per ounce levels, around 13 month high. According to market experts, this sharp rise in yellow metal price is because of the escalating tension in Russia Ukraine crisis. They said that spot gold price has broken its $1935 per ounce hurdle and now it may soon go up to $1950, $1980 and then $2000 per ounce levels.

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Sensex ends 2702 pts lower amid D-St | Gold prices today surge to highest in a year

Sensex share market gold price increased

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