Moneycontrol PRO
Live now
auto refresh
February 24, 2022 / 04:36 PM IST

Closing Bell: Carnage on Street with Nifty below 16,300, Sensex crashing 2,700 pts on Russia-Ukraine crisis

All the sectoral indices ended with a loss of 3-8 percent, while BSE midcap and smallcap indices shed over 5 percent each.

  • Closing Bell: Carnage on Street with Nifty below 16,300, Sensex crashing 2,700 pts on Russia-Ukraine crisis
    Stock Market Today:
    • 04:30 PM IST

      Oil rises above $105 after Russia attacks Ukraine

    • 03:36 PM IST

      Market closes lower for 7th straight day, Nifty breaches 16,300

    • 03:22 PM IST

      BSE Power index falls over 5 percent dragged by the Adani Power, BHEL, Tata Power

    • 03:19 PM IST

      Ashoka Buildcon gets Letter Of Acceptance for a project worth Rs 692 crore

    • 03:09 PM IST

      Nifty Pharma index sheds 3.7 percent dragged by the Strides Pharma Science, Cadila Healthcare, Granules India

    • 03:02 PM IST

      Market at day's low with Nifty breaches 16400, Sensex down over 2400 points

    • 02:58 PM IST

      Cadila Healthcare is now Zydus Lifesciences

    • 02:55 PM IST

      BSE Oil & Gas index sheds nearly 5 percent dragged by the Indraprastha Gas, Gujarat Gas, BPCL

    • 02:53 PM IST

      Indian rupee is likely to trade with a depreciation bias: Sugandha Sachdeva

    • 02:50 PM IST

      Bitcoin dives to lowest in a month after Russia invades Ukraine

    • 02:27 PM IST

      Uncertainties remain around India's medium-term debt trajectory: Fitch

    • 02:15 PM IST

      We continue to see this correction as an opportunity for the investors to add on the companies with sustainable growth visibility: Vijay Chandok - MD & CEO, ICICI Securities

    • 02:08 PM IST

      Two-wheeler sales volume to fall for third straight year: Crisil

    • 01:50 PM IST

      Use this volatility to build long-term positions in quality large, mid-cap stocks: Naveen Kulkarni

    • 01:42 PM IST

      Bharat Forge to acquire JS Auto Cast Foundry India

    • 01:34 PM IST

      Geojit maintains accumulate rating on Bata India with a revised Target of Rs 2,135

    • 01:18 PM IST

      No consideration to postpone the LIC IPO: Government Sources

    • 12:30 PM IST

      Nifty IT index sheds dragged by the Coforge, Mindtree, HCL Technologies

    • 12:24 PM IST

      Moscow stock exchange to resume operations shortly

    • 12:13 PM IST

      If Nifty breaks 16,000, , it could test 14,000: Parth Nyati

    • 12:02 PM IST

      Indices trade lower with Nifty below 16,600

    • 11:43 AM IST

      BSE Metal index slipped 1 percent dragged by the SAIL, Jindal Steel, Hindustan Zinc

    • 11:39 AM IST

      Wyth Financial goes live with Intellect Contextual Banking Experience – Retail

    • 11:32 AM IST

      Britain's Johnson says Putin 'has chosen a path of bloodshed' in Ukraine

    • 11:25 AM IST

      Use market corrections to accumulate high quality IT stocks: V K Vijayakumar

    • 11:05 AM IST

      Global yield falls post Russia Ukraine tensions, yield on 10-year US notes drops as much as 13 basis points to 1.86%

    • 11:04 AM IST

      Ukraine President - Russia has launched a new military operation against our state

    • 10:52 AM IST

      Oil and gas stocks tumble as Brent hits $100 mark on Russia-Ukraine crisis

    • 10:46 AM IST

      Bharti Airtel acquires strategic stake in blockchain technology startup Aqilliz

    • 10:44 AM IST

      Nifty FMCG index falls 2 percent dragged by the Procter & Gamble Hygiene And Health Care, Varun Beverages, Radico Khaitan, Tata Consumer Products

    • 10:32 AM IST

      Moody's raises India 2022 GDP growth forecast to 9.5% from 7%

    • 10:27 AM IST

      Nykaa insiders offload $19 million in stocks amid sell-off

    • 10:20 AM IST

      BSE Capital Goods index declines nearly 3 percent dragged by the HEG, Bharat Forge, BHEL, SKF India

    • 10:18 AM IST

      Indian rupee opens 59 paise lower at 75.15 per dollar

    • 10:10 AM IST

      As many as 200 stocks touched their 52-week low including Wockhardt, Sun TV Network, Ujjivan Financial Services, Sadbhav Engineering, Granules India

    • 10:06 AM IST

      Indian market slip to the lowest levels in 2022

    • 10:03 AM IST

      Indices near the day's low, all sectors in the red

    • 09:58 AM IST

      Adani Group announces MoU with Ballard Power Systems for Hydrogen fuel cells in India

    • 09:50 AM IST

      Nomura keeps neutral rating on Mindtree with a target at Rs 4,640

    • 09:46 AM IST

      Nifty PSU Bank index falls 4 percent dragged by the Union Bank, J&K Bank, Indian Bank, Bank of India

    • 09:43 AM IST

      BSE Realty index sheds 4 percent dragged by the Indiabulls Real Estate, Macrotech Developers, Phoenix Mills

    • 09:40 AM IST

      Crude oil tops $100 as Russian forces invade Ukraine

    • 09:37 AM IST

      Euro hits three-week low, Aussie skids as Putin orders troops into Ukraine

    • 09:34 AM IST

      Tyre and Paint stocks in focus after crude oil hit $100 a barrel

    • 09:32 AM IST

      BSE Auto index slips 2 percent dragged by the Tube Investments of India, Tata Motors, M&M

    • 09:27 AM IST

      Nifty Bank index tumbles 2 percent dragged by the Bandhan Bank, Federal Bank, PNB

    • 09:23 AM IST

      Airline stocks are in focus as Brent crude hit $100 a barrel

    • 09:16 AM IST

      Indices open gap-down with Nifty below 16,600 amid rising geopolitical tensions

    • 09:05 AM IST

      Indian markets likely to open gap down tracking geopolitical tensions: ICICI Direct

    • 08:59 AM IST

      Brent Crude Oil hits USD 100/bbl for the first time since September 2014, gold gains further

    • 08:57 AM IST

      S.Korean stocks hit over 1-week low on Ukraine, COVID-19 worries

    • 08:53 AM IST

      Markets are likely to open weak in tandem with the fall in SGX Nifty: Prashanth Tapse

    • 08:48 AM IST

      These stocks are under the F&O ban today

    • 08:44 AM IST

      Dow Futures down more than 300 points

    • 08:44 AM IST

      Russia's Putin announces 'military operation' in Ukraine

    • 08:39 AM IST

      India Ratings pegs India's FY22 GDP growth at 8.6% on data revision

    • 08:32 AM IST

      Vedanta board to consider third interim dividend on March 2

    • 08:24 AM IST

      Oil rises as U.S. says Russian attack on Ukraine may occur soon

    • 08:15 AM IST

      Vodafone to pare stake in Indus Towers

    • 08:06 AM IST

      Euro skids versus safe-havens as Ukraine tensions ramp up

    • 07:58 AM IST

      Gold rises as escalating Ukraine crisis spurs safe-haven bids

    • 07:46 AM IST

      Ukraine separatists seek Russian help as U.S. says attack is ready

    • 07:43 AM IST

      Asian markets trade lower with Hang Seng, Straits Times, Nikkei down 1% each

    • 07:40 AM IST

      Wall Street extends selloff on Ukraine worries

    • 07:33 AM IST

      SGX Nifty indicates a gap-down start for the Indian indices:

  • IndexPricesChangeChange%
    Sensex57,918.61289.66 +0.50%
    Nifty 5017,066.8578.45 +0.46%
    Nifty Bank39,502.70140.75 +0.36%
    Nifty 50 17,066.85 78.45 (0.46%)
    Tue, Mar 21, 2023
    Biggest GainerPricesChangeChange%
    Bajaj Finance5,656.30105.50 +1.90%
    Biggest LoserPricesChangeChange%
    Tech Mahindra1,093.40-15.60 -1.41%
    Best SectorPricesChangeChange%
    Nifty Infra5092.1035.00 +0.69%
    Worst SectorPricesChangeChange%
    Nifty IT28302.60-140.35 -0.49%

  • February 24, 2022 / 08:02 AM IST

    Follow our LIVE blog for the latest updates on the Russia-Ukraine and its impact

  • February 24, 2022 / 04:30 PM IST

    Oil rises above $105 after Russia attacks Ukraine

    Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

    Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another in Europe since World War Two.

    The United States and Europe have promised the toughest sanctions on Russia in response.

    Brent crude rose $8.24, or 8.5%, to $105.08 a barrel at 1045 GMT. U.S. West Texas Intermediate (WTI) crude jumped $7.78, or 8.5%, to $99.88.

    Brent and WTI hit their highest since August and July 2014 respectively.

  • February 24, 2022 / 04:29 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets witnessed a sharp sell-off and lost nearly 5% as escalating tensions between Russia and Ukraine spooked sentiments. Investors chose to move out of risky assets and preferred safe haven like gold.

    The Nifty index drifted gradually lower and finally settled around the day’s low to close at 16,247 levels. In line with the benchmark, all the sectoral indices and broader indices ended with deep cuts.

    Markets are rattled with the news of Russia’s attack on Ukraine and it may cascade further citing the further news updates. This fall has resulted in the breakdown of the consolidation range in the Nifty index and it might find support around the 15900-16,000 zone.

    Traders should align their position accordingly and prefer trading through options strategies.

  • February 24, 2022 / 04:21 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    It was a big surprise for the world market as it was not anticipating a war. It was expecting a diplomatic meet between Biden & Putin.

    Markets around the globe plunged deep in red as the Ukraine crisis intensified with Russia’s invasion into Eastern Ukraine. Crude oil prices crossed USD 100 per barrel and elevated inflation risk.

  • February 24, 2022 / 04:16 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:

    Investors turned jittery and pressed the panic button after reports emerged that Russia has taken military action against Ukraine. As the mood was sombre across the global equity markets, traders back home also followed suit and pressed the sell button, resulting in across-the-board selling. Also, the F&O expiry pressure also gave investors the reason to cut their position further due to escalating geo-politicial tensions.

    Technically, after a long time, benchmark Nifty closed below the 200-day SMA and has also formed a long bearish candle on daily charts, which suggests further weakness from the current levels.

    Considering the uncertainties hovering around, the index may trade lower between the highs of 16800 and 16,000. The market is in corrective mode and it would complete its corrective pattern between 16200 and 16000. For the traders, 16400 and 16500 could act as intraday resistance while 16100-16000 could be the immediate support zone.

  • February 24, 2022 / 03:45 PM IST

    Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities:

    Nifty has broken significant support level 16600 and witnessed significant selling pressure in line with global markets. We believe volatility will remain elevated on account of an external shock and expect March series to witness further negative bias.

    Though the bias is negative, we await derivatives data to establish objective levels before taking a strong positional stance from here on. Investors can use further deep corrections to buy/average and traders to define risk in uncertain times.

  • February 24, 2022 / 03:42 PM IST

    Shivam Bajaj, Founder & CEO at Avener Capital:

    Prolonged Geo-political tensions between Russia - Ukraine could lead to further inflationary pressure, compelling policy makers globally to accelerate raising interest rates at the cost of economic growth. From an Indian economy standpoint, the economic impact is likely to be more short term in nature as its economy will continue to be driven by its long-term fundamental growth prospects.

    In 2020, India imported only $7.3 billion of all products from Russia (less than 2% of India’s total imports) and exported $3.9 billion of all products from Russia (less than 2% of India’s total exports).

  • February 24, 2022 / 03:40 PM IST

    S Ranganathan, Head of Research at LKP securities:

    With Brent crude breaching the USD 100 mark for the first time in 7 years post the Russian military operation in Ukraine, both the benchmark Indices wilted with a 5% cut as the volatility index rose 30% today with all sectoral indices ending deeply in the red wiping out over Rs 10 lakh crores of investor wealth.

    A peep into the advance-decline ratio said it all as the carnage together with the volatility witnessed today was painful for both investors and traders.

  • February 24, 2022 / 03:36 PM IST

    Market Close

    Indian benchmark indices registered seventh straight session fall on February 24 with Nifty breaching 16,300 amid escalating Russia-Ukraine crisis.

    At close, the Sensex was down 2,702.15 points or 4.72% at 54,529.91, and the Nifty was down 815.30 points or 4.78% at 16,248.00. About 240 shares have advanced, 3084 shares declined, and 69 shares are unchanged.

    All stocks on Nifty50 ended in the red with Tata Motors, IndusInd Bank, UPL, Grasim Indusries and Adani Ports were the biggest losers.

    All the sectoral indices ended with a loss of 3-8 percent, while BSE midcap and smallcap indices shed over 5 percent each.

  • February 24, 2022 / 03:25 PM IST

    Norbert Rücker, Head of Economics & Next Generation Research, Julius Baer

    The Ukraine crisis seems to have escalated to crucial tipping points and appears at the brink of turning from a sentiment to an economic shock. Oil and gas prices are the crisis fear barometer given their supplies vulnerability to sanctions or damage.

    Today’s situation involves lots of noise and uncertainty, bringing a new level of dynamics. Given all these uncertainties, we revise our price targets. That said, oil prices are at economically burdensome levels already, and this usually meant lower prices longer term.

    The war drums are pounding ever louder in Europe. The Ukraine crisis seems to have escalated to crucial tipping points. This brings the economy and markets to the brink of a worst-case scenario, where the crisis begins to turn into an economic shock, not only a sentiment shock.

    Center stage of such an outcome are energy markets, where oil and natural gas prices have become the crisis’ fear barometer. Any disruption of flows between Russia and Europe, due to damage or sanctions, would drastically add to the already present supply scarcity. Situations as today’s entail lots of noise and uncertainty, and things could shift into different types of new dynamics.

  • February 24, 2022 / 03:22 PM IST

    BSE Power index fell over 5 percent dragged by the Adani Power, BHEL, Tata Power

  • February 24, 2022 / 03:19 PM IST

    Ashoka Buildcon gets Letter Of Acceptance for a project worth Rs 692 crore

    Ashoka Buildcon has received Letter of Acceptance for the Project viz. 'Electrification of Railway Lines in the State of Assam.

    The accepted offer of the project is Rs 692.50 crore and the contract period is 900 days.

    Ashoka Buildcon was quoting at Rs 80.95, down Rs 11.15, or 12.11 percent on the BSE.