Sensex recovers 906 pts from low, ends 383 pts down; Nifty near 17,100

CLOSING BELL: Fears of sanctions pushed the Brent crude above the $99 a barrel-mark

12:47 PM

Russia-Ukraine crisis :: Russia's RTS index slumps 10% in early deals

12:43 PM

NEWS ALERT :: Turkey 'rejects' Russia's actions against Ukraine

12:29 PM

Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group

Shares of Jagsonpal Pharmaceuticals rallied 19 per cent to Rs 244.50, hitting a 52-week high on the BSE in Tuesday's intra-day trade, after Infinity Holdings Group made an open offer to buy 26 per cent stake in the company at a price of Rs 235 per share. READ MORE

12:26 PM

NEWS ALERT :: Iraq says OPEC+'s strategy of raising oil production is enough to balance the market

>>  The group has no need to be more aggressive

Source: Bloomberg

12:15 PM

Restaurant Brand, MCX, Brightcom among top losers in broader markets

RHI Magnesita and Restaurant Brands were down over 6 per cent each and lead the losers list on the BSE 500 index.

12:06 PM

Hybrid funds can help investors weather choppy equity markets

Indian equity markets are witnessing intense volatility due to the geopolitical tensions and imminent interest rate hike by the US Federal Reserve (US Fed). In this backdrop, mutual fund (MF) players recommend that investors stick with hybrid funds as they have lower volatility than pure equity funds. READ MORE

11:55 AM

Russia-Ukraine crisis :: Brent crude rises 2%, WTI 3%

Source: Oilprice.com

11:50 AM

NEWS ALERT | UK PM Boris Johnson calls emergency meet to announce sanctions on Russia: Report

11:34 AM

BPCL hits 52-week low on likely delay in divestment, soaring oil prices

During the third quarter (October-December 2021) "no major events happened in terms of bidder visits to our company premises and the status quo is same," BPCL Director-Finance V R K Gupta said at a conference call with analysts, according to a PTI report. READ MORE

11:18 AM

Indiabulls Real Estate gains 9% after clarification on ED investigation

On Monday, the stock of real estate company slipped 15 per cent to Rs 103 after ED raided the premises of Indiabulls Finance Center in Delhi and Mumbai. This was in connection with money laundering allegations made against the firm and promoter Sameer Gehlaut in April 2021 READ MORE

11:09 AM

Foreign brokerages trim Nifty December 2022 target amid headwinds

Multiple headwinds in the form of Russia – Ukraine crisis that has seen crude oil prices jump to an eight- year high of $97 a barrel, prospects of faster-than-expected hike in rates by the global central banks, especially the US Federal Reserve (US Fed) and its impact on bond yields, impending state elections in India and the fears of a rise in inflation as oil prices surge has seen foreign brokerages recalibrate their return expectation from the markets in 2022. READ MORE

10:57 AM

NALCO rises 2% on reports Russia's largest aluminium major may face US sanctions

United Co. Rusal International share tumbled as much as 22% in Hong Kong, as per a Bloomberg report, which was the biggest fall since April 2018. This comes on fears that the company may face US sanctions. Rusal is said to be the world's second largest aluminum producer with a major global supply market share. Historically, sanctions on Rusal have led to hike in global aluminium prices, which have been positives for domestic companies.

10:41 AM

BS Exclusive :: Equity investors should pare return expectations

10:27 AM

Markets trade weak :: Here're key technical levels to watch on Nifty

>> Nifty is trying to respect its 200-DMA, which is currently placed around 16850.

>> If Nifty starts to trade below 200-DMA then correction may see further extension towards 16,000/15,500 levels.

>> On the upside, 17,300/17,500 are important resistance levels; above this, we can expect positive momentum in the market

Views by: Parth Nyati, Founder, Tradingo

10:20 AM

Market Commentary :: Investors need not rush-in to buy amid correction

Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. The economic consequences are  already visible in higher crude and gold prices. The situation remains fluid; we don't know whether the tensions will escalate or be contained from now on. The biggest macro headwind for India is crude racing to $97. The inflationary consequence of this will force the RBI to abandon its dovish monetary stance. 

Buying opportunities may emerge in this correction. But investors need not rush-in to buy. The situation is fluid. FIIs are likely to continue selling. This will continue to depress the prices of some high quality financials. Nibbling in this segment can be considered.

Views by: VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services