On Valentine’s Day people’s favorite color is red but when it comes to Indian indices people like to see it green always. But, on Monday Indian indices Sensex and Nifty started the day with a massive Slump as Sensex and Nifty were down around 2.20 percent as all sectoral indices were seen in red.
According to Market experts, global cues are dragging the Market down as crisis over Ukraine is worsening and oil is also putting pressure on the Market.
Dow has also ended in red amid pressure higher inflation numbers and earlier comments of FED action on higher interest rates and Russia-Ukraine crisis whereas French markets were also seen in red. European markets were also down as FED comments also affects the market.
Asian markets have largely opened in red as Shanghai SE composite index is down around 0.63 percent, Hang Seng is down around 1.25 percent, Nikkie 225 is down around 2.21 percent, Taiwan is down around 1.74 percent. Cryptos are down around 2 percent in early trade on Monday.