The
equity benchmark Sensex crashed over 1,700 points while the NSE Nifty closed
below the 17,000-mark on Monday following rising Russia-Ukraine tensions.

The
30-scrip Sensex dropped by 1,747.08 points or 3% to close at 56,405.84 and the
broader Nifty ended at 531.95 points or 3.06% at 16,842.80.

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On
the Sensex pack, except TCS, all stocks closed with sharp to marginal losses
and Tata Steel, HDFC and SBI plummeted over 4%.

All
the sectoral indices ended in the including auto, oil & gas, bank, pharma,
PSU Bank, FMCG, metal, realty and capital goods indices shredding up to 6%. BSE
Midcap and Smallcap indices lost 3-4%.

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Other
Asian bourses also closed with high losses amid concerns that Russia may soon
invade Ukraine, which also led to a rise in oil prices.

Elsewhere
in Asia also, bourses closed in deep red after concerns that Russia may soon
invade Ukraine, which sent oil prices soaring.

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Analysts
said that domestic markets opened sharply lower in line with negative Asian
bourses as also sharply lower US equities.

On
Friday, US Stock closed with steep losses as increased concern that Russia may
soon invade Ukraine sent oil prices soaring and investors to sell risky assets
like equities. A sharp decline in consumer sentiment and a pickup in near-term
inflation expectations also affected the markets.

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International
crude oil benchmark Brent futures surged over 1% to USD 95.44 per barrel on
Monday.

According
to stock exchange data, foreign institutional investors (FIIs) were net buyers
in the capital market on Friday, as they bought shares worth Rs 108.53 crore.

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The rupee slipped by 22 paise to close at 75.58
(provisional) against the US dollar.