Top headlines: Ukraine president pleads for peace, oil shock may sting

Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month

Mounting threat of a Russian attack compelled Ukraine President Zelensky to make an emotional address to his nation. An armed clash in eastern Europe is likely to be a drag on the global economy and unfavorably impact India's inflation and current account deficit. Scoll down for more on these and other top headlines in our morning newswrap.

Ukrainian president pleads for peace amid growing fears of Russian attack

With the Russian threat growing, the Ukrainian president is pleading for peace and says Russian President Vladimir Putin would not accept his call. In an emotional address to the nation