24 Feb , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 crashed over 3 per cent on Thursday, a day of monthly F&O expiry, after Russia’s Putin announced military operations on Ukraine. BSE Sensex crashed over 2000 points and gave up 56000, while NSE Nifty 50 index tanked fell below 16600. All the 30 S&P BSE Sensex stocks were trading in deep sea of red. Bharti Airtel was the Sensex laggard, followed by Tata Steel, Tech Mahindra, Wipro, IndusInd Bank, State Bank of India, TCS, RIL, Maruti Suzuki India, among others. India VIX futures jumped to 33.70 levels, highest since November 2020.
Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday. Shortly after Putin spoke, a Reuters witness heard the sound of what appeared to be explosions in the distance from the capital, Kyiv. Explosions also rocked the breakaway eastern Ukrainian city of Donetsk and civilian aircraft were warned away as the US said a major attack by Russia on its neighbour was imminent.
“Technically, Nifty has slipped below its 200-DMA which may lead to further weakness towards the 16000 level while 16400 is an intermediate support level. We can expect a bounceback from the 16000 level but confidence will back only if Nifty manages to cross the 17200 level. If Nifty breaks the 16000 level then the worst-case scenario could be 14000 but still we will remain in a long-term bull market.”
The Indian market has slipped to the lowest levels in 2022. INDIAVIX, the volatility index, rose to the highest level since June 2020. All the sectoral indices are trading in the red with auto, bank, FMCG, oil & gas, metal, IT, power and realty down 2-4 percent. BSE midcap and smallcap indices down 3 percent each.
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