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

10:25 AM

MARKET VIEW: Parth Nyati, Founder, Tradingo

We are seeing the first meaningful correction in the market after a strong performance in 2021. A correction was due where geopolitical tension has become an excuse for this correction. Inflation and rising interest rates are the major concerns for equity markets and geopolitical tension is increasing the risk of inflation as energy prices are rising. Anecdotally, such kinds of geopolitical issues provide a good buying opportunity for the long-term investors and we are in a structural bull run that is likely to continue for the next couple of years where intermediate corrections will be part of this journey. Long-term investors should not panic and look for buying opportunities from lower levels where the domestic economy facing sectors like capital goods, infrastructure, real estate, financials should be on investors' radar.

10:14 AM

Dr Reddy's falls 3%, hits 52-week low; stock slips 10% in a month

Shares of Dr Reddy's Laboratories hit a 52-week low of Rs 4,055.85, down 3 per cent on the BSE in Thursday's intra-day trade, after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities. READ MORE HERE

10:11 AM

Russia-Ukraine crisis :: European Air Safety Agency terms Ukraine as 'active confloct zone'

10:07 AM

Russia-Ukraine crisis :: UK foreign secy condemns Russia's actions

10:04 AM

Russia-Ukraine crisis :: Attack is a grave breach of international law, says Nato Secretary-General

>> Nato Secretary General Jens Stoltenberg has condemned Russia's "reckless attack" on Ukraine.

 

>> In a post on Twitter, he says it "puts at risk countless civilian lives".

>> This is a grave breach of international law & a serious threat to Euro-Atlantic security, he adds.

 

>> He says Nato allies will meet to address Russia's "renewed aggression".

10:03 AM

Rupee Opening

Rupee opens 60 paise weaker at 75.16 per US dollar vs Wednesday's close of 74.56/$

9:58 AM

Russia-Ukraine crisis :: Breaking now

9:57 AM

Sector check :: BSE Energy index falls 3% as Brent tops $101/bbl

9:51 AM

Sensex At Day's Low As Ukraine Invasion Deepens

Sensex slumps over 1,900 points as Russia-Ukraine crisis escalate
 

9:48 AM

MARKET CHECK :: Nifty breaks below 16,500

9:45 AM

BREAKING NOW :: Explosion reportedly heard in Russia

>> News agency Reuters is quoting a witness as having heard an explosion in the Belgorod province in south-west Russia, which is not far from the Ukraine border.

 

>> It is unclear what the explosion could be, but CNN reporter Frederik Pleitgen in Belgorod is saying he has heard outgoing artillery fire, as well as rocket fire and jets that may be flying towards Ukraine.

Source: BBC

9:44 AM

BREAKING NOW :: Putin has launched a full-scale invasion, says Ukraine FM

9:41 AM

Russia-Ukraine crisis :: Breaking now

9:41 AM

Russia-Ukraine crisis :: Breaking now

>> Ukrainian official says Russian troops are crossing the border towards Kharkiv

>> Ukraine's foreign minister says 'this is a war of aggression' and that Ukraine will 'defend itself and will win'

>> Ukrainian officials say that both ballistic and cruise missiles strikes have targeted sites in Kyiv

>> US Senator Rubio says Russia is attempting to take Kyiv Airport

9:35 AM

Bulk deal alert :: Indus Tower sinks 10% after 1.7 million shares changes hand on BSE