Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105

Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets

4:26 PM

Expert view | Long-term investors need not panic: GCL Securities

>> If the US sends military support to Ukraine, it could be very negative for the market, but there is a less possibility of that.

>> Market may continue to show volatility for the next few days, but long term investors should not worry much about it.

>>Investors should wait and watch here, it is not time for new investment but one should hold their portfolio and not sell in panic.

Views by Ravi Singhal, Vice-Chairman, GCL Securities

 

4:22 PM

Nifty technical view by LKP Securities: Medium-term trend for Nifty turns negative

<< Nifty finally fell below the 200 DMA which is considered as an inflection point for the medium term; therefore, the trend has turned negative for the medium term.

<< On the other hand, Nifty formed a bullish ABCD pattern around 16240 on the daily chart which may induce a pullback over the near term.

<< The pattern may work as long as Nifty sustains above 16200. On the higher end resistance is placed at 16400/16720, whereas supports are placed at 16200/15900

Views by Rupak De, Senior Technical Analyst at LKP Securities

 

 

 

 

4:18 PM

Thursday market mayhem erodes Rs 13.58 trillion worth of investor wealth

4:15 PM

SAIL, Yes Bank, PNB Bank, Tata Power among top losers from Nifty 500 pack

 

4:13 PM

Dr Reddy's hits 52-week low on high revenue exposure to Russia

 

4:09 PM

Indus Tower slips 18% after 3% equity changes hands on NSE and BSE

Shares of Indus Tower slipped after nearly 3 per cent of the total equity of the company changed hands on the bourses. British telecom giant Vodafone Plc (owner of Vi) was in discussions to sell around five per cent stake the company to Bharti Airtel, according to reports. Vodafone Idea too tanked 10% today. 

 

4:04 PM

BSE IPO index crashes 6%: Car Trade, Nuvoco, Latent View slip up to 12%

 

4:01 PM

Kalyan Jewellers, Ujjivan Small Finance Bank hit record lows

 

3:58 PM

Amara Raja, BPCL, Cadila Health, Apollo Tyres, Ceat among BSE 500 stocks to hit 52-week lows

 

3:55 PM

Fear gauge India VIX ends 30% up to nearly 32 levels, also hits 52-week high of 33.9

 

3:52 PM

Total 1,050 stocks hit lower circuit on BSE vs less than 100 in upper circuit

 

3:50 PM

Broader markets worst hit: BSE SmallCap index sheds nearly 6%

 

3:46 PM

Sectoral trend | Nifty PSB cracks 8%, Realty, Bank, Auto indices slip 6-7%

 

3:41 PM

Sensex heatmap: Heavyweights RIL, Infosys, HDFC Bank & ICICI Bank fall 4-6%

 

3:39 PM

Frontline stocks slip up to 10% on Nifty50: Tata Motors, IndusInd Bank, UPL top losers

 

3:36 PM

Closing Bell : Nifty sheds 815 pts; ends below 16,250-mark

 

3:34 PM

Closing Bell : Benchmarks see biggest intra-day fall in 2 years; Sensex tanks 2700 pts, down 5%

 

3:19 PM

BSE advance-decline ratio 1:14, market breadth highly negative

 

3:10 PM

BREAKING NEWS

3:09 PM

Sensex tanks 2,700 pts

3:07 PM

Benchmarks in free fall mode | Nifty slips below 17,300, tanks 800 pts

 

3:00 PM

Russia-Ukraine crisis :: Breaking now

German foreign minister says EU, NATO, G7 to launch 'massive sanctions' against Russia

Source: AFP

2:55 PM

Expert Views on Russia-Ukraine crisis :: How India will be impacted

Given Russia's dominance in global crude supply, a suspension in production activities by Russia will impact global prices of crude with an impact also applicable to India. Crude prices have breached the $100/bbl mark for the first time in almost eight years. Versus 2014, when crude prices breached the $100/bbl mark last, India's current account deficit situation is marginally better with the deficit pegged at 1.3% of GDP in the previous quarter versus 1.6% in the corresponding period of 2014.

However, this does not make the CAD any less susceptible to pressure that will be exerted by elevated crude prices. While the impact may not really be comparable to 2014 given a different context, it sure will have an adverse impact on the account from where we stand today.

Views by: Nirav Karkera, Head of Research, Fisdom

2:46 PM

Russia-Ukraine escalation | Ukraine says it has killed 50 Russian soldiers

2:38 PM

Market check : Benchmarks extend losses; Sensex tanks 2,100 pts, Nifty slips below 16,400

 

2:34 PM

Gold jumps to highest level in more than a year

Spot gold jumped as much as 2 per cent higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.

 

Gold was trading at $1,942.10 per ounce, up 1.88 per cent on the previous day and the highest since late 2020, as investors piled into safe haven assets and equity markets globally tumbles into the red.

Source: CNBC

2:27 PM

European stocks in correction territory after Russia attacks Ukraine

European stocks plunged 3% on Thursday as investors dumped riskier assets after Russia attacked Ukraine, raising fears that a war in Europe will fuel higher inflation and derail economic growth.

 

The pan-European STOXX 600 index fell 2.9% - hitting its lowest since May 2021 while marking a correction or 10% decline from its January record high. READ MORE

2:17 PM

India to move to T+1 settlement from Friday: Here's what it means

T+1 settlement system will shorten the settlement cycle which will reduce the risk of default and will increase the liquidity in the market with availability of funds. "We may see an increase in trading volume as the funds will be free within one day," said Vijay Dhanotiya, Lead Technical Research at CapitalVia Global Research.  READ MORE

2:06 PM

Russia-Ukraine crisis :: Russia halts vessel movement in Azov sea, Black Sea open

>> Russia has suspended movement of commercial vessels in the Azov sea until further notice, but kept its ports in the Black Sea open for navigation, Reuters reported.

1:59 PM

Russia-Ukraine crisis :: EU to hit Russia with new sanctions over 'barbaric' attack on Ukraine

>> European Union leaders will impose new sanctions on Russia, freezing its assets, halting access of its banks to the European financial market and targeting "Kremlin interests" over its "barbaric attack" on Ukraine, senior officials said on Thursday.

>> President Putin is responsible for bringing war back to Europe, European Commission chief Ursula von der Leyen said.

 

>> With this package, we will target strategic sectors of the Russian economy by blocking their access to key technologies and markets," she said in an emergency statement.

>> We will weaken Russia's economic base and its capacity to modernise.

 

>> In addition, we will freeze Russian assets in the EU and stop the access of Russian banks to the European financial market.

Source: Reuters