Stock markets crash as Russia invades Ukraine
Shares dropped after Russia transferred troops to Ukraine. Sensex benchmarks fell 2,702 points, or as much as 4.72 percent, to end trade at 54,530, the sharpest daily decline in two years. Nifty warehouse 4.78 percent. The decrease puts the index in the correction area because they have lost more than 10 percent of their value from the peak recently. The global market is also marked. Safer assets like gold bonds and government soaring. Crude oil prices jumped past $ 100.
Crude oil prices at nearly $104 a barrel, highest since 2014
International oil prices rose steeply to $ 103.78 a barrel benchmark Brent Crude, the highest in seven years, after Russia invaded Ukraine. Supply channels to India are expected to remain unaffected, the government said.
Moody’s predicts India’s GDP growth at 9.5 percent in 2022
Investor Moody’s service said India’s economic growth in the 2022 calendar would be 9.5 percent, up from 7 percent estimated. Forecasts of GDP growth for 2023 have been maintained at 5.5 percent. This means an expansion of 8.4 percent in the financial year of 2022-23 and a growth of 6.5 percent on 2023-24.
Will Ukraine war delay LIC’s initial public offer?
The central government has adopted a waiting and watching policy in the background of Russian invasion in Ukraine before deciding whether to postpone the initial public offering of the expected life insurance company in March. There was no change at this time, and the government continued the roadshows for the IPO, an official said.
SEBI informed CBI about irregularities at National Stock Exchange in 2018
Indian Securities Agency and Exchange have shared information sought by the Central Investigation Bureau related to the National Stock Exchange in 2018, when the central body registered the first information report in the CO-Location case, the unnamed time. source. Market regulators did not allow extensions of time to NSE members in October-November 2016 for issues relating to Anand Subramanian, former Chief of Group Operations, and alleged sharing confidential information by the former Chitra Ramkrishna head, said source.