Closing Bell: Nifty closes above 16,600, Sensex ends nearly 800 points lower; metal gains, auto declines
Domestic equity markets closed more than one per cent lower amid Russian soldiers landing in Ukraine’s second-largest city of Kharkiv and crude price breaching record $110 on Wednesday amid heightened tension between Russia and Ukraine.
The markets recouped some of the losses in the closing session after dropping nearly 2 per cent as Nifty50 managed to give a closing above 16,600 and Sensex ended nearly 800 points lower after correcting around 1200 points . Source: Reuters