On Monday, Indian shares fell for the fourth consecutive session, with all sectors falling as the Russia-Ukraine stalemate continued to impair risk sentiment.
By 0354 GMT, the NSE Nifty 50 index (NIFTY) had fallen 0.84 percent to 17,127.20, while the S&P BSE Sensex (.BSESN) had fallen 0.83 percent to 57,344.81. If losses continue, both indexes will be down for the fourth day in a row.
However, US President Joe Biden and Russian President Vladimir Putin agreed in principle to hold a summit on Ukraine. The news boosted Wall Street futures and helped broad Asian stocks recover from their early losses.
In India, all major Nifty sub-indices were in the red, and 47 of the 50 stocks on the Nifty 50 index fell early on Monday.
InterGlobe Aviation (INDIGO) shares plummeted more than 2% after co-founder Rakesh Gangwal resigned from the IndiGo airline operator’s board of directors and stated that he will gradually reduce his ownership over the next five years.