22 Feb , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in red on Tuesday. BSE Sensex was hovering above 57000, while NSE Nifty 50 was just above 17000 level amid geopolitical tensions. All S&P BSE Sensex 30 stocks were deep in red. Dr Reddy’s Laboratories tanked 3 per cent, followed by L&T, Tech Mahindra, Housing Development Finance Corporation (HDFC), IndusInd Bank, Tata Consultancy Services (TCS), Asian Paints, Reliance Industries Ltd (RIL), among others. All the Nifty sectoral indices were ruling in the negative territory. Bank Nifty fell nearly 2 per cent or over 600 points, Nifty FMCG index declined 1.4 per cent, while Nifty IT index lost 2 per cent. India VIX, the volatility index, jumped 19.52 per cent to 27.38 levels in Tuesday’s trade as Russia-Ukraine crisis deepened.
Volatility in markets because of geopolitical issues linked to Russia and Ukraine should not last long. Chances of a major flare-up look small while sanctions on Russia are expected not to be as strong as the ones against Iran, as no one wants crude prices to stay at elevated levels on the back of already high inflation. Markets below 17000 offer a good risk-reward tradeoff. One should use this correction to gradually increase equity exposure by investing in quality companies.
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