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

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