NEW DELHI, Feb. 22 (Xinhua) - The ongoing Ukraine crisis had a direct and adverse impact on Indian stock markets on Tuesday, as both the "Sensex" and "Nifty" fell over two percent each in the opening trade.

Pedestrians watch a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2022. (Photo: AFP)

According to media reports, the Bombay Stock Exchange's (BSE) Sensex tanked over 1,000 points and the National Stock Exchange's (NSE) Nifty cracked below the key 17,000-level in opening deals on Tuesday, reflecting a rout in the global equity markets.

Investors dumped equities across the board due to an escalation of the Ukraine crisis, added the media reports.