Live stock market updates: Sensex at daily low, down just 150, Nifty below 16,600; Metal, IT, PSU Banking indices in the green; India VIX jumps 6%

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Top 5 Computer Software Industry Winners

Price as of February 28, 2022 11:51 a.m.Click on company names for their live prices.

THE RUSSIAN CENTRAL BANK SAYS:

  • Russia’s central bank confirmed on Monday that it ordered brokers to suspend the execution of all orders by foreign legal and natural persons to sell Russian securities.

  • The bank also said in a statement that it had not yet decided whether to open markets other than the foreign exchange market and the money market on Monday.

Russian ruble drops nearly 30% to record high as West steps up sanctions

The Russian ruble fell to a record high against the dollar on Monday, after Western countries announced a series of tough sanctions over the weekend to punish Russia for its invasion of Ukraine, including restrictions on stockpiles of change of country. The ruble fell as low as 119.50 to the dollar in Asian trading, a record high for the currency and a steep drop of 30% from Friday’s close. It then recovered to around 110 to the dollar.

DGCA extends suspension of international flights until further notice

Price as of February 28, 2022 10:55Click on company names for their live prices.

Live Market Updates: Slight Recovery Seen in Nifty; the index crosses above 16,500

Biotech giant Biocon said on Monday that its subsidiary Biocon Biologics had signed a pact to acquire the biosimilars business of Viatris Inc for up to $3.335 billion (about Rs 24,990 crore).

Price as of February 28, 2022 10:31 a.m.Click on company names for their live prices.

Live Market Updates: The Biggest Losers in the Morning Session

Price as of February 28, 2022 10:31 a.m.Click on company names for their live prices.

The “short war” scenario has changed a bit. Putin’s threat to put the nuclear deterrent on high alert has caused some nervousness. The uncertainty is far too high and depending on the outcome, markets can go down or up. Commodities – metals, crude/gas, agricultural commodities – are all on an uptrend. Inflation is going to be a major headwind for the Indian economy and interest rates will rise. It is negative for the market. Trading in this market is extremely risky. Investors can wait and observe the situation before making decisions on the direction of the market. Increasing cash levels in the portfolios can be considered.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Earnings impact: This Dolly Khanna stock drops more than 14% on a bad Q3 show

Rain Industries fell 14% in first trade on Monday after a weak performance in the December 2021 quarter. The coal producer reported a net loss of Rs 96.96 crore in the quarter ended December 2021 against a profit net of Rs 306.95 crore in the previous quarter ended December 2020.

Following the development, shares of Rain Industries plunged more than 14% to Rs 171.40 before rising to 173.50 as of 09:40. The certificate stood at Rs 199.70 on Friday.

Forex Update: Rupee drops 40 paise to 75.73 against US Dollar in early trading

Live Market Updates: Nifty Metal Index Trades Firm, Rises Over 1%

Live Market Updates: Nifty Metal Index Trades Firm, Rises Over 1%

Bitcoin, Ethereum drop up to 4%; Dogecoin among the top 10 cryptos

With the exception of the USD coin pegged to the US dollar, all major digital tokens were trading lower. Avalanche fell more than 7% while Terra fell 5%. Ethereum fell 4%. The global cryptocurrency market capitalization today stood at $1.71 trillion, down about 2% in the last 24 hours. Total cryptocurrency trading volume, meanwhile, jumped 19% to $80.86 billion.

We underestimated the upside potential of Friday’s relief rally, which saw Nifty breach our upper limit of 138 points. But at 16720, Nifty is still held at the 38% fibo of the downside move since Feb 16. This encourages us to continue to play a consolidation, but on either side of 16580, with 16420 and 16720 as breakout points.

– Anand James – Chief Market Strategist at Geojit Financial Services

These stocks defy market mood, rise as high as 11%

Price as of February 28, 2022 09:34Click on company names for their live prices.

Sensex Today: Index extends decline, down more than 700 points

Sensex Today: Index extends decline, down more than 700 points

Most active stocks in opening trades

Price as of February 28, 2022 09:20Click on company names for their live prices.

Sector Watch: Private banking, financials most affected; metal shows strength

Sector Watch: Private banking, financials most affected;  metal shows strength

Sensex heat map | Only 2 of the 30 constituents of the index are in the green

Sensex heat map |  Only 2 of the 30 constituents of the index are in the green

OPENING BELL: Sensex drops 500 points, Nifty below 16,500; Axis and HDFC Bank down 2% each

Pre-open session: Sensex racks up 550 points, Nifty below 16,500

SGX Nifty reports positive start

Nifty futures on the Singapore Stock Exchange traded just 27 points, or 0.16%, at 16,686.50, signaling Dalal Street was heading for a positive start on Monday.

Technical view: 16,550 crucial levels for Nifty50

On Friday, Nifty 50 formed a bullish ABCD pattern, a sort of harmonic pattern consisting of two equivalent price legs. Analysts have pointed out that there appear to be several hurdles in the 16,800-17,065 area which include not only the bearish gap zone but also the 200-day EMA which is valued around 16,720 levels. . Rupak De, senior technical analyst at LKP Securities, said that going forward, the rally may continue as long as 16,550 is held decisively.

Hong Kong shares open higher

Hong Kong shares started slightly higher on Monday after a strong lead from Wall Street, although traders remained nervous over the Russia-Ukraine crisis as Western powers imposed new sanctions on Moscow. The Hang Seng Index rose 0.22% or 50.99 points to 22,818.17. The Shanghai Composite Index was slightly lower, plunging 1.09 points to 3,450.32, while the Shenzhen Composite Index on China’s second-largest stock exchange was flat, rising 0.16 points to 2,310.22.

WTI crude jumps more than 5% on Russia-Ukraine crisis

West Texas Intermediate crude jumped more than 5% in early trading on Monday, as traders grew increasingly concerned about an energy crisis after Western nations imposed new sanctions on Moscow over its invasion of Ukraine. The contract rose 5.07% to $96.23, while Brent rose 4.30% to $102.14.

Japanese stocks open lower with eyes on Ukraine

Tokyo shares opened lower on Monday as investors closely watched the Ukraine crisis. The benchmark Nikkei 225 was down 0.54% or 143.23 points at 26,333.27 in early trading, while the broader Topix index was down 0.16% or 2.95 points at 1,873.29. The Japanese market could see ‘a drastic price move as uncertainty remains’ over tensions in Eastern Europe, even after U.S. stocks rallied on hopes of ceasefire talks between Russia and Ukraine.

Wall Street up despite Ukraine invasion

Wall Street ended a turbulent week of trading on Friday with a broad rally in stocks as relief poured into the market, even as deadly attacks raged in Ukraine. Oil has fallen and investors have turned away from gold and other traditional safe havens they favor when fear is high. The S&P 500 rose 95.95 points to 4,384.65. The Dow Jones Industrial Average rose 834.92 points, or 2.5%, to 34,058.75. The Nasdaq composite gained 221.04 points, or 1.6%, to 13,694.62.

The rupee rebounds from 27 paise to 75.33 against the dollar

The rupee appreciated 27 paise to close at 75.33 against the US dollar on Friday, in line with regional currencies, after a decline in crude oil prices and a rebound in domestic equities. In the interbank FX market, the local unit opened at 75.31 against the greenback and saw an intraday high of 75.18 and a low of 75.46. The Rupee eventually finished at 75.33, registering a gain of 27 paise from its previous close.

Sensex, nice on Friday

A day after suffering their worst session in about two years, the Sensex and Nifty benchmarks rebounded as much as 2.5% on Friday, in line with global markets rising as the United States and its allies made common front to punish Russia with tougher sanctions on the Ukrainian conflict. Breaking its seven-day losing streak, the 30-stock BSE Sensex climbed 1,328.61 points or 2.44% to settle at 55,858.52. Similarly, the broader NSE Nifty climbed 410.45 points or 2.53% to 16,658.40.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day

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