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.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
Benchmark indices BSE Sensex and NSE Nifty 50 fell sharply on Thursday to plunge around 3% after Russian President Vladimir Putin announced military operations in Eastern Ukraine. The expiry of February derivative contracts caused additional volatility on top of what is being caused by geopolitical risks. Both benchmark indices have now fallen over 10 per cent from all-time highs made recently, and were trading at their lowest levels since mid-December. The growing concern surrounding the deteriorating Ukraine crisis has pushed global stock markets into correction mode, said traders, analysts. Investors are advised to wait and watch the unfolding situation before taking any major investment decision.
“The increase in hostilities by Russia has expectedly spooked the global markets. While a fall today is a reaction to this development, markets anyway have been factoring such a development. In that sense a short term bottom may happen over today or tomorrow. However the repercussion of these actions in terms of impact on commodity prices, including crude, supply disruptions and the sanctions that can be levied by the western nations remains uncertain and could result in next leg down after a brief recovery.”
~ Deepak Jasani, Head of Retail Research, HDFC Securities
The market has gone down as investors weigh the impact of Russia Ukraine crisis. Russia has launched a military action targeting the military infrastructure of Ukraine and it may lead to a larger scale invasion of Ukraine with the risk of USA and Europe getting embroiled militarily as well. Additionally, the price of oil crossed US$100 per barrel mark stoking inflation fears in oil importing countries like India. The economies around the world are still recovering from COVID pandemic and can’t afford the consequences of this war. This is also the reason; we believe that the world leaders would work towards deescalating the situation and avoid a full-blown war through diplomatic channels. But definitely, the risks have gone up, since the military situation typically unfolds very fast. The India VIX has already crossed 30 as the market is expected to swing wildly on both sides reacting to all incoming news. It’s time to be extremely cautious in the markets and the best possible action seems to wait & watch for a clearer picture to emerge. Mohit Ralhan, Managing Partner at TIW Capital Group
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will roll out a new settlement cycle beginning tomorrow, for faster delivery of securities within one trading day. Domestic stock exchanges will commence the T+1 trading cycle in a phased manner from February 25, 2022, with the bottom 100 stocks in terms of market value. The move is aimed at improving liquidity in the stock markets, albeit it may require tighter funding window to settle trades. Currently, domestic stock markets follow the T+2 days trading cycle – introduced in 2003 by the market regulator Securities and Exchange Board of India (SEBI).
Investors’ wealth tumbled by more than Rs 8 lakh crore in less than an hour of trade on Thursday, as Russia’s attack on Ukraine pushed stock markets deep into the red. Amid investors getting spooked by the escalating tensions between Ukraine and Russia, the market capitalisation of BSE-listed companies crashed to Rs 2,47,46,960.48 crore at around 10.15 am. Read full story
The Moscow Exchange said on Thursday morning it had suspended trading on all markets. The exchange will announce the resumption of trading at a later date, it said. (Reuters)
Investors should continue to hold growth stocks and let volatility pass. Markets would be keen to know how the Ukraine crisis evolves and what kind of counter measures are announced by west. Post that one could expect markets to stabilize. Investors could add stocks in staggered manner once market stabilizes and as a strategy should focus on domestic oriented businesses for now. Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers
Nifty on intraday should take support at 16400 failings which it can further slide to 16200 and bounce come to 16800. Vaishali Parikh, Vice President -Technical Analyst, Prabhudas Lilladher
Since it’s happened on the back of geopolitical concerns, further direction is dictated by the developments with respect to this only. So in case of further aberration, 16200-16000 can be tested or we may see sub-16000 levels as well. So till the time things do not ease off globally, traders should avoid aggressive bets. For investors, it would be a great opportunity to accumulate quality propositions in a staggered manner. Sameet Chavan, Chief Analyst – Technical & Derivative, Angel Broking
Nifty has broken down below its crucial support of 16800 as well as 200-SMA with a huge gap. So till the time this gap is not filled or we do not surpass 16800-16900, the pain is likely to continue. Similarly for Bank Nifty, 37000-37200 are the levels to watch out for. Sameet Chavan, Chief Analyst – Technical & Derivative, Angel Broking
– Balance Sheets stronger-than-ever: India’s corporate health is the strongest in a long time – deleveraging has been seen across sectors and cash reserves have surged. As a result corporate confidence is high.
– Promoters are optimistic about the business potential: This reflects in the increasing promoter holding in NIFTY 500 over time, increasing from 32% to 45% over the last decade. Interestingly, post-Covid, promoters have increased stake by ~3%. Nitasha Shankar, Head PRS Equity Research, YES SECURITIES
Nifty has broken its key support level of 16800 levels and below that the 200DEMA support of 16700 levels as well indicating that the trend continues to be weak and the target on the lower side comes to 16250 levels in the short term. Below 16250, the next target on the lower side comes to 15500 levels in the medium term. On the upside, the most important resistance is pegged at 17300 levels and only above those levels the trend will shift from down to up, till then we continue to maintain our short to medium term bias sideways to negative. Jay Thakkar – VP and Head of Equity Research at Marwadi Shares and Finance
Bank Nifty has broken 37000 levels and below that it has also broken its next support level of 36500 levels so below these levels the next support comes to 34800 to 34000 levels which are also the short term target. The overall set-up is negative and the aggressive levels on the lower side comes to 33000 levels which is the most important level on a monthly closing basis. The resistance on the upside is pegged at 38000 and only above these levels the trend will shift from down to up, till that doesn't happen one we continue to maintain our short to medium term bias sideways to negative. Jay Thakkar – VP and Head of Equity Research at Marwadi Shares and Finance
Amid all, we feel investors can start accumulating quality stocks gradually from the private banking, IT, Infra and FMCG space as they’ve already seen a decent correction from the record highs and posted decent earnings as well. Ajit Mishra, VP & Senior Technical analyst, Religare Broking
Markets have been hovering in a broader range for the last four months and currently retesting the lower band of the range i.e. 16400 zone in Nifty. Keeping in mind the escalation of geopolitical tension between Russia and Ukraine and its impact on the global markets, we may see the prevailing negative sentiment extending further which could result in further slide in the index. The next critical support could be closer at 15,900-16,000 zone. Ajit Mishra, VP & Senior Technical analyst, Religare Broking
Key supports are at 16,400 and 15,800 levels for Nifty. Among sectors, we believe Private banks, IT, and Pharma are the sectors where investors should gradually build positions over the next few weeks. Vikas Jain, Senior Research Analyst at Reliance Securities
Nifty 50 has broken its key support of 16,800 levels and as Russia has announced military operations in Ukraine the selloff has intensified as the unwinding of put options in strikes of 16700-16900 levels for the February expiry. We expect volatility to remain high till the middle of March as two events are being awaited with respect to State elections results and the FOMC meeting. Time and price correction would get subsidized by the end of March 22 and we expect markets to resume their upward trend as markets would start focusing on full-year earnings and valuations roll over to next year. Earnings offer better risk-reward after the sharp correction in individual sectors and stocks. Vikas Jain, Senior Research Analyst at Reliance Securities
Indian markets have been trading on a weaker note for the last few trading sessions following global peers due to pessimistic sentiments in global markets and uptick in US treasury yields continued to support the dollar. The volatility is also increasing in the market. Markets are witnessing selling pressure as all the sectoral indices are trading in red. Markets are currently trading below their important moving averages and have breached their interim support levels today. Since we expect volatility to prevail in the near term, we advise investors to avoid fresh longs. 16350 – 16,400 is likely to act as an immediate support zone followed by 15,900. Bank Nifty is expected to take support at 35,500. Likhita Chepa. Senior Research Analyst at CapitalVia Global Research
It would be practically impossible to say when how much the markets will fall as they are guided by external factors and they tend to defy technicals during such times. Investors should keep exposing small portions of their investible capital to pick up quality stocks with each such opportunity. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
We reiterate our bullish stance on Indian equities for next three years. History has shown us that these wars offer good entry points for investors. Be it the wars of Vietnam, Gulf, Afghanistan, Iraq or the Crimean crisis, markets have fallen on war fear, then rallied when the actual battle broke out and further continued its upward journey post the war. The next 7-odd trading sessions will offer tremendous opportunity for the long-term investor. Invest in good quality management in sunrise sectors. Amar Ambani, Head of Institutional Equities, YES Securities
The Sensex has fallen 1800 points, as Russia begins military operations in Ukraine. The geo-political event has been causing a rout across equity markets, as the world can ill-afford further disruption in trade and commodities when Covid has already weakened sovereign balance sheets. We had opined a few days ago that post the meteoric rise to 18,000 on the Nifty from lows of 7,500, it seemed like the Nifty could correct to 15,800 level. We were already witnessing the consolidation since mid-October 2021 due to lack of fresh triggers. The Russia-Ukraine issue added a negative trigger to the existing overhang of the US Fed likely raising rates in March 2022. Amar Ambani, Head of Institutional Equities, YES Securities
Insiders at FSN E-Commerce Ventures, operator of e-commerce beauty products major Nykaa, sold stocks worth $19 million last week amid the intense sell-off on the counter, data on BSE showed. Insiders, many of whom are part of the top brass at Nykaa, sold 984,528 shares of the company at an average price of Rs 1,424 per share, which is a 27 per cent premium to the IPO price of Rs 1,125 per share.
Moscow Exchange suspends trading across all markets after Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday.
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.”
~Parth Nyati, Founder, Tradingo
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.
Investors should continue to hold growth stocks and let volatility pass and could add stocks in staggered manner once market stabilizes. Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers
Index heavyweight stocks of Reliance Industries Ltd (RIL), Infosys, HDFC Bank, ICICI Bank and Housing Development Finance Corporation (HDFC), contributed the most to the indices' fall today
India VIX futures jump to 33.70, highest since Nov 2020
“Market have been trading below an important support level of 16750-16800 after the new developments on the Russia- Ukraine borders. The war on the borders have started and the situation is looking to get even worse. Although the next support level is around the level of 16400 but We would recommend the investors to not build any new positions until the situation gets better.”
~Gaurav Garg, Head of Research at CapitalVia Global Research
Markets world over have gone for a toss, post news of Russia moving into Ukraine, in a swift military action. India markets too have borne the brunt, with benchmark indices down by over 3%. Nifty 50 has crucial support around the 16400 mark, the low witnessed in December, which is very crucial. Declines outnumber Advances by over 10:1. India VIX trading above 32 levels, clearly reflects heightened fear in the markets. Investors are well advised to stay cautious, adding light positions only in quality stocks, till there is clarity on the unfolding scenario in the Russian-Ukraine conflict. Aamar De Singh, Head Advisory, Angel One
The market panic selling is triggered by the latest developments in Ukraine Russia tensions. The selling may continue for a more correction of 8-10% in the benchmark indices. Nifty may touch the level of 15500 in this scenario. It is advisable that all investors should follow wait and watch strategy and avoid any fresh entry at current juncture. Long term investors having investment horizon of 3-5 years will get a good opportunity to avert their portfolio, once the global situation stabilizes. Ravi Singh, VP & Head of Research, Share India Securities
Bank Nifty crashed 3.6 per cent or 1,360.30 points to rule at 36,031.75
In international market gold may test $1980 to $2050 and Silver may test $27 to $30 levels very soon. For short term traders can buy gold around 50500 levels with the stoploss of 48800 for the target of 53000 to 55000 levels. They can also go for buy in mcx silver at 65000 levels with the stoploss of 62500 for the target of 68000 to 70000 levels. Brent also hit $100, it may test $105 levels. On MCX it may test 7500 to 7800 levels. Anuj Gupta, Vice President, IIFL Securities
Bank Nifty has also slipped below its 200-DMA where 35500 is the next important support level while 34000 is the next major support. On the upside, it has to cross the 37500 level to gain any strength. Santosh Meena, Head of Research, Swastika Investmart
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 bounce back from the 16000 level but confidence will back only if Nifty manages to cross the 17200 level. If Nifty breaks the 16000 level than the worst-case scenario could be 14000 but still we will remain in a long-term bull market. Santosh Meena, Head of Research, Swastika Investmart
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. Santosh Meena, Head of Research, Swastika Investmart
RBI will play an active role in managing the rupee levels, but we don’t expect RBI to intervene before 75.75 or 76.00 levels, any negative news on Russia and Ukraine will take the pair towards 75.50 to 76.00 levels. Any dips should be taken as an opportunity to buy dollars. Amit Pabari, managing director, CR Forex Advisors
Russia Ukraine standoff has come to a critical phase as Russian President Vladimir Putin has announced the military operation in eastern Ukraine. Putin warned that any foreign attempt to interfere with Russian action would lead to ‘consequences they have never seen. The fragile sentiments makes it evident that equities are going to bleed, Dollar Index to move higher above 96.50 levels, Gold to get stronger and all EM currencies including India rupee is supposed to get weaker. Amit Pabari, managing director, CR Forex Advisors
Tyre and Paint stocks fell after crude oil hit $100 a barrel as tyre companies use a lot of crude intermediates, paint companies use crude derivatives. Hence, rising oil prices increase their input costs. Asian Paints fell 1.8%, Kansai Nerolac Paints fell 2.2%, Berger Paints India 2%, Shalimar Paints 3.2%. Apollo Tyres lost 2.5%, MRF 1.3%, CEAT 1.5%, JK Tyre & Industries 4%.
Explosions heard in Ukraine's capital Kyiv and the eastern port city of Mariupol, shortly after Russia announced an operation to “demilitarise” the country. AFP News Agency
On 23rd Feb 2022, USDINR spot made a gap down opening at 74.65 levels from its previous closing of 74.87 levels. From thereon, it traded between 74.54 – 74.73 levels with a bias towards the downside. There was some recovery seen in global equities despite the risks of a further escalation between Russia and Ukraine. In the upcoming session, the Indian Rupee is going to be tightly placed unless the geo-political tensions soothe down. There is a possibility for the local unit to trade between the range 74.30 to 75.00 levels. Heena Naik- Research Analyst – Currency, Angel One
IT, though highly valued, is a sector whose prospects are steadily improving. There are instances of promoters buying stocks of IT companies. This is an indication of better-than-expected results from the sector. Investors can use sharp market corrections to slowly accumulate high quality stocks in IT. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The growing concern surrounding the deteriorating Ukraine crisis has pushed global stock markets into correction mode. The near 20% decline from the peak in NASDAQ is a clear indication of the correction that has set in. Also, the safe haven gold shooting to $1913 is a reflection of the risks arising from the crisis. Investors should wait and watch the unfolding situation before taking any major commitments. Buying should be confined to stocks/ segments which are fairly valued or have good earnings visibility. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
India VIX, the volatility index, jumped 27% to 31.15 levels
Nifty below 16,800 remains in Bear Grip. Expect 16,500 shortly. Today's session will see continued weakness & intraday rise will get sold since it being monthly expiry as well. India VIX has shot up to 30+
Bottom Fishers – Better to sit out today's session. Continue with Nifty Hedge Strategy recommended on Tuesday.
~ Rahul Sharma, Director & Head – Research, JM Financial
While buying quality stocks, investors should deploy their investible capital in parts and not all at once. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
Amid such deep cuts, more so when it is happening due to external factors, of course the markets will get affected. However, instead of shorting such already oversold markets, this gives a golden opportunity to investors to gobble up good quality stocks that are available 5-7% cheaper overnight. They should be using this opportunity to pick select quality stocks. It is definitely the time to buy fear. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
Markets have again opened below their 200 DMA but near their multi month support. Besides this, the sudden gap down has sent the Nifty and Bank Nifty oversold not only on the continuous charts but also on the short term daily charts. Both Nifty and Bank Nifty have strong supports in the zone of 16600-16200. Bank Nifty also has supports near 36000. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
With the Russia-Ukraine conflict turning out to be a full blown war, understandably equity markets have been under severe pressure since the past few weeks. Technically, Nifty now has support at 16410. Close below this level could lead to 16185 & possibly 15840. Resistance remains at 17350. Nifty Bank also remains weak with massive resistance at 38050. Supports can now be seen at 35530 & 34240. Long term investors should focus on quality mid & large cap stocks and keep accumalating for stellar returns in the next 1-2 years. Pavitraa Shetty, Co-founder & Trainer, Tips2Trades
