<p>The BSE benchmark Sensex tanked over 1,000 points and the NSE Nifty cracked below the key 17,000-level in opening deals on Tuesday, mirroring a rout in the global equity markets.</p>.<p>The Sensex was trading 1,015 points or 1.76 per cent lower at 56,668.60, and the Nifty quoted 285.40 points or 1.66 per cent lower at 16,921.25 -- extending their losses to the fifth session in a row.</p>.<p>All the 30 Sensex constituents were trading with significant losses.</p>.<p>"Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. The economic consequences are already visible in higher crude and gold prices," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.</p>.<p>The biggest macro headwind for India is crude racing to $97 a barrel, he said, adding that the inflationary consequence of this will force the RBI to abandon its dovish monetary stance.</p>.<p>Continuing their selling spree, foreign institutional investors sold shares worth Rs 2,261.90 crore in the Indian capital market on Monday, exchange data showed.</p>.<p>Other Asian bourses on Tuesday followed the overnight Wall Street rout and massive selloffs in European equities triggered by the Russia-Ukraine standoff.</p>.<p>In a sign of aggravating geopolitical crisis in the eastern Europe, Russian President Vladimir Putin has recognised the independence of separatist regions in eastern Ukraine.</p>.<p>Putin's announcement comes after a meeting of the Presidential Security Council and paves the way for Russia to openly send troops and weapons to the long-running conflict pitting Ukrainian forces against Moscow-backed rebels.</p>.<p>Meanwhile, India has also expressed deep concerns over the escalation of tension along the Russia-Ukraine border and said the developments have the potential to undermine peace and security of the region.</p>.<p>Tracking the Ukraine crisis, Brent crude futures rose 4 per cent to USD 97.35, the highest since September 2014. US stocks fell over 2 per cent on Tuesday.</p>.<p><strong>Check out latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>The BSE benchmark Sensex tanked over 1,000 points and the NSE Nifty cracked below the key 17,000-level in opening deals on Tuesday, mirroring a rout in the global equity markets.</p>.<p>The Sensex was trading 1,015 points or 1.76 per cent lower at 56,668.60, and the Nifty quoted 285.40 points or 1.66 per cent lower at 16,921.25 -- extending their losses to the fifth session in a row.</p>.<p>All the 30 Sensex constituents were trading with significant losses.</p>.<p>"Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. The economic consequences are already visible in higher crude and gold prices," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.</p>.<p>The biggest macro headwind for India is crude racing to $97 a barrel, he said, adding that the inflationary consequence of this will force the RBI to abandon its dovish monetary stance.</p>.<p>Continuing their selling spree, foreign institutional investors sold shares worth Rs 2,261.90 crore in the Indian capital market on Monday, exchange data showed.</p>.<p>Other Asian bourses on Tuesday followed the overnight Wall Street rout and massive selloffs in European equities triggered by the Russia-Ukraine standoff.</p>.<p>In a sign of aggravating geopolitical crisis in the eastern Europe, Russian President Vladimir Putin has recognised the independence of separatist regions in eastern Ukraine.</p>.<p>Putin's announcement comes after a meeting of the Presidential Security Council and paves the way for Russia to openly send troops and weapons to the long-running conflict pitting Ukrainian forces against Moscow-backed rebels.</p>.<p>Meanwhile, India has also expressed deep concerns over the escalation of tension along the Russia-Ukraine border and said the developments have the potential to undermine peace and security of the region.</p>.<p>Tracking the Ukraine crisis, Brent crude futures rose 4 per cent to USD 97.35, the highest since September 2014. US stocks fell over 2 per cent on Tuesday.</p>.<p><strong>Check out latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>