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Once again bulls have managed to save the crucial support of 16800 as the index reversed from the 200DMA for the second time this month. The recovery momentum may continue over the near term given that the support of 16800 is not broken. On the higher end, strong resistance is placed 17500 where bulls are likely to face resistance.
– Rupak De, Senior Technical Analyst at LKP Securities
The escalation of tension between Russia-Ukraine has severely dented sentiment globally as participants were hoping for resolution through talks. They are now eyeing how Ukraine would retaliate and the reaction of the global markets, if the US imposes sanctions on Russia as stated before. We reiterate our cautious view and suggest limiting the leveraged positions. On the index front, a decisive break down below 16,800 in Nifty could result in a fresh fall else choppiness would continue in a range.
– Ajit Mishra, VP – Research, Religare Broking
Escalation in Russia-Ukraine issue and a sharp surge in oil prices forced global markets to plunge sharply. Indian equities opened with heavy losses tracking overnight fall in the global market and its adverse spill over to commodity prices. However, the domestic market managed to trim down its losses during the late session. Continued offload by FIIs has increased volatility while DIIs are adding position.
– Vinod Nair, Head of Research at Geojit Financial Services
#MarketsWithETNOW | #Nifty declines 5th day in a row despite recovering more than 200 points intraday. Check out ho… https://t.co/5cR9DFLAj4
— ET NOW (@ETNOWlive) 1645524404000
Stock Update: Hero MotoCorp collaborates with BPCL to set up charging infrastructure for electric two-wheelers in the country
Advance-decline ratio favours sellers
The Trend is your Friend and the street keeps reminding investors and traders just how tough it is to focus on the famous quote of Peter Lynch when you have a confluence of factors swaying you away from your investee companies. Just when the Global Economy is beginning to recover and normalise from the impact of the pandemic, Russia has recognised the independence of separatist regions in Ukraine thereby inviting the possibility of severe sanctions being imposed by the US & EU. Today’s Trade saw selling pressure across several Pharmaceutical & Auto Ancillary companies with exposure to the EU. Despite a recovery in Afternoon Trade, almost all sectoral indices ended in the red with India VIX soaring over 20% today amidst geopolitical tensions and rising oil prices.
– S Ranganathan, Head of Research at LKP securities
Sector Watch: All indices settled in the red
Sensex Heatmap | 20 of 30 index constituents end in the red
How Nifty moved in today’s session
CLOSING BELL: Sensex stages 906 pts recovery from low, still ends 383 pts lower; Nifty ends below 17,100; VIX surges 16%
Most auto stocks reverse losses, trade in the green
Price as on 22 Feb, 2022 03:26 PM, Click on company names for their live prices.
Global Market Check
- European markets fall sharply as Russia-Ukraine tensions rise; Stoxx 600 down 1.6%
- Dow futures drop nearly 500 points
- Hong Kong shares log worst slump in five months
- -Japan’s Nikkei share average tumbled more than 2%, extending losses to a fourth session
Indian Hotels Company Ltd (IHCL) on Tuesday announced the addition of its second hotel in Rishikesh with the signing of a new SeleQtions resort.
Price as on 22 Feb, 2022 02:34 PM, Click on company names for their live prices.
- European shares hit a seven-month low in early trade on Tuesday, as the prospect of economic sanctions against Russia, which has ordered troops into breakaway parts of eastern Ukraine, rattled investors.
- The pan-European STOXX 600 index fell 1.7% by 0810 GMT, entering its fourth straight session of losses. The benchmark has shed nearly 10% from its all-time high in early January.
- The German DAX, seen as more vulnerable than other regional indices due to the country’s heavy reliance on Russian gas supplies and the lack of energy companies on the index, was hit the hardest, dropping 2.2%.
Market live updates: Nifty nears 17,100
ALERT: Crude oil surpasses $99 barrel
Sharp recovery for Sensex
These stocks defy market trend, rise up to 10%
How Sensex stocks are doing in afternoon session
Nifty50 on Tuesday slipped below its 200-day simple moving average (SMA) only to stage a recovery later. A breach of the average is surely a negative but can the index avoid a sharp selloff ahead? The 200-day moving average acts as a major support because a lot of traders track it, said Aditya Agarwala of YES Securities who added that once the level is breached a 2-3 per cent selling generally follows.
GLOBAL MARKET UPDATE: Russian stocks fall more than 8% over Ukraine tension
KPI Global has received a new repeat order for executing solar power project of 7.50 MWdc capacity from Anupam Rasayan India
Price as on 22 Feb, 2022 01:03 PM, Click on company names for their live prices.
Swiggy eyes $800 mn IPO amid Zomato rivalry in tough market
- Bitcoin dropped to a more than two-week low as fears of a possible Russian invasion of Ukraine prompted some analysts to predict the largest cryptocurrency could slide toward the key $30,000 level.
- Bitcoin dropped for a sixth straight day, touching a low of $36,372 on Tuesday after Russian President Vladimir Putin said he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and ordering troops there. Other cryptocurrencies also declined, with Ether off as much as 2.9% and XRP down as much as 6.7%.
- “In the globe’s latest maelstrom — U.S./Russia/Ukraine — Bitcoin, the asset purported to be the answer to every question, has quietly weakened and is notably underperforming its arch-enemy, gold,” said John Roque of 22V Research in a note on Monday.
TCS falls 4% as shares turn ex-record for Rs 18,000 crore buyback
Price as on 22 Feb, 2022 12:33 PM, Click on company names for their live prices.
European stocks set to drop at the open
- European futures are losing well over 1% after the crisis over Ukraine worsened overnight.
- The United States and its European allies are poised to announce harsh new sanctions against Russia after Vladimir Putin formally recognised two breakaway regions in eastern Ukraine.
- Stock markets in Asia have already given the tone of the upcoming session with heavy losses across the region. (Source: Reuters)
UK BORIS JOHNSON HAS CALLED EMERGENCY COBRA MEETING TUESDAY MORNING TO ANNOUNCE FRESH SANCTIONS AGAINST RUSSIA
— Redbox India (@REDBOXINDIA) 1645507820000
Market live updates: BSE SMALLCAP index plunges 1.5%; here are the gainers & loser from the pack
Shankar Sharma’s advise for investors amid market crash
#MarketsWithETNOW | "Headline index has not suffered much damage" says market veteran Shankar Sharma. What is his a… https://t.co/TCjL890JqO
— ET NOW (@ETNOWlive) 1645511097000
After testing both the extremities of the 17070 – 17340 range lined up for yesterday, Nifty would now be hunting for a new trading range. But a directional move still looks elusive. Favoured view continue to nurture upswing possibilities, especially should early dips not breach 16900 vicinity, which would be the marker for directional downsides aiming 16200. We will look for a 3 hours’ close above 17250 before confirming upside possibilities.
– Anand James – Chief Market Strategist at Geojit Financial Services
Sensex Today: Index off day’s low
Nifty Media worst sectoral performer; all constituents in the red
Stocks@52-week lows as markets crash
Burger King India hits fresh all-time low
Investors lose Rs 6 lakh crore in today’s crash
- Benchmark indices broke below their 200-day moving averages amid the fifth day of fall on Dalal Street today, and in the process wiped nearly Rs 10 lakh crore off investor wealth.
- The BSE market capitalisation hit a low of Rs 251.72 lakh crore in Tuesday’s trade, which was down Rs 5.67 lakh crore over Monday’s levels. Since February 16’s closing value of Rs 262.19 lakh crore, stock investors have lost Rs 10.46 lakh crore in fortune.
The cryptocurrency market continued to dwindle down on Tuesday amid high possibilities of Russia’s invasion of Ukraine. Riskier assets bled over war-like situation. All top digital tokens crumbled on Tuesday. Avalanche tanked 15 per cent, followed by 10-12 per cent fall in major altcoins. Meme tokens like Dogecoin and Shiba Inu dropped 10 per cent each. Bitcoin and Ethereum fell 5 per cent each.
As long as Ukraine doesn’t act militarily (which it won’t) how many in the stock market will discuss the Russian -… https://t.co/xVqzRoimPk
— Basant Maheshwari (@BMTheEquityDesk) 1645489357000
Sensex Today: RIL, TCS, HDFC twins among top drags
Krsnaa Diagnostics jumps 4% after bagging order from Himachal Pradesh government for lab services
Amid a broad market selloff caused by escalating geopolitical tensions in Ukraine, Krsnaa Diagnostics bucked the trend, gaining 4 per cent in early trade as the firm received an order from the Himachal Pradesh government for the provision of diagnostic and laboratory services in the state. Krsnaa will install, operate and maintain Routine and Advance Laboratory testing facilities at selected Public Health Institutions, reports said.
Last man standing! ONGC only Nifty gainer at this hour
Price as on 22 Feb, 2022 09:57 AM, Click on company names for their live prices.
Nifty breaches 200-DMA level for first time since July 1, 2020
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. Globally stock markets have turned weak. 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.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
India VIX spikes 20%
Most active stocks on NSE in opening deals
Price as on 22 Feb, 2022 09:21 AM, Click on company names for their live prices.
Live market updates: Sharp fall seen across sectoral indices on NSE
Sea of red… all Sensex constituents decline
OPENING BELL: Sensex plunges 1,000 pts, Nifty below 16,900; L&T, Dr Reddy’s Labs drop 3% each
Pre-open session: Sensex tumbles 1,350 pts, Nifty at 16,825
SGX Nifty below 17K, signals a gap down start
Nifty futures on the Singapore Exchange traded 207 points, or 1.20 per cent, lower at 16,999, signaling that Dalal Street was headed for a gap-down start on Tuesday.
Tech View: Nifty forms Doji candle; bias still negative
Nifty50 on Monday fell for the fourth straight session and formed an indecisive Doji candle on daily chart. During the day, the index at 17,070 retraced exactly 62 per cent of its last leg of rally from the low of 16,809 to a high of 17,490 level and recovered but the 20-day moving average proved too strong. Analysts said the index may continue to consolidate in coming days and that the bias stays negative.
Yen ticks higher, euro falters as Ukraine crisis deepens
The safe-haven yen hit a near three-week high and the euro and riskier currencies fell on Tuesday as Russia ordered troops into breakaway parts of eastern Ukraine and the region stood on the brink of war. The yen edged about 0.2% higher to 114.50 to the dollar early in the Asia session and the euro dipped about 0.1% to a one-week low of $1.1297. The Swiss franc , another safe-haven, hit a one-month high overnight.
Putin orders deployment of troops to breakaway Ukrainian regions
Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent, accelerating a crisis the West fears could unleash a major war. A Reuters witness saw tanks and other military hardware moving through the separatist-controlled city of Donetsk as Putin told Russia’s defence ministry to send in forces to “keep the peace”.
Oil surges 4% on geopolitical tensions
Oil jumped to a seven-year high amid concerns over Russia-Ukraine tensions. Brent crude futures rose 4% to $97.35, their highest since September 2014. US President Joe Biden signed an executive order to prohibit trade and investment between US individuals and the two breakaway regions of eastern Ukraine. Britain vowed to impose sanctions on Russia, which it warned could invade Ukraine imminently.
Asian stocks fall as Ukraine issue intensifies
Asian stocks fell, safe-havens rallied and US stock futures dived on Tuesday as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. S&P 500 futures fell 1.5% and Nasdaq futures fell 2.2%. MSCI’s broadest index of Asia Pacific shares outside Japan lost 0.66% in early trade on Tuesday and Japan’s Nikkei tumbled 1.6%.
Rupee rises for 5th day, advances 11 paise against dollar
Rising for the fifth straight day, the rupee extended gains by 11 paise to close at a one-month high of 74.55 against the US dollar on Monday on the back of a weak dollar and softer crude oil prices amid hopes of a diplomatic solution to the Russia-Ukraine crisis.
Sensex, Nifty suffer 4th straight loss
Domestic equity gauges Sensex and Nifty logged their fourth straight session of fall on Monday as participants remained cautious over lingering geopolitical tensions in eastern Europe. Sensex settle at 57,683.59, down 149.38 points or 0.26 per cent. Similarly, the broader NSE Nifty slipped 69.65 points or 0.40 per cent to close at 17,206.65.