{"id":7132,"date":"2022-02-22T13:26:13","date_gmt":"2022-02-22T07:56:13","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=7132"},"modified":"2022-02-22T13:26:14","modified_gmt":"2022-02-22T07:56:14","slug":"ukraine-crisis-indian-stock-market-to-pay-the-price","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/ukraine-crisis-indian-stock-market-to-pay-the-price\/","title":{"rendered":"Ukraine Crisis \u2013 Indian Stock Market To Pay the Price?"},"content":{"rendered":"\n

After Russian President Vladimir Putin sent troops into breakaway regions of eastern Ukraine, global stocks fell, while oil rose to a 7-yr high. Safe-haven assets, on the other hand, soared with gold<\/a> prices nearing a 9-mth high. <\/p>\n\n\n\n

The SGX Nifty<\/a> futures on the Singapore Exchange were trading at 17,068 points, which indicated that Indian stock exchanges<\/a> will be under pressure.\u00a0<\/p>\n\n\n\n

Domestic equity<\/a> gauges, Sensex and Nifty<\/a>, both fell for the fourth straight session on Monday (21 February 2022) as investors remained wary of ongoing geopolitical concerns in Ukraine. The Sensex<\/a> was down 150 points, while the NSE Nifty<\/a> was down 69.65 points.\u00a0<\/p>\n\n\n\n

\u201cStock market investors are warned to stay watchful about additional events after Russian President Vladimir Putin\u2019s recognition of two breakaway regions of eastern Ukraine since there is a risk of retaliatory action by the US and its allies. They should also keep a watch on the SGX Nifty\u2019s narrower range, which is 16,800 to 17,380 points. A violation of the 16,800 points support level by the SGX Nifty would indicate further weakness in the Indian stock market<\/a>,\u201d stated the Vice President of IIFL Securities. <\/p>\n\n\n\n

Japan\u2019s Nikkei and Hong Kong\u2019s Hang Seng indexes were both down over 2% today in Asian markets. Futures in the United States also projected a steep cut. Futures on the S&P 500 lost 1.5%, while Nasdaq<\/a> futures sank 2.2%.\u00a0<\/p>\n\n\n\n

Brent crude futures gained 1.6% to $ 96.94, barely below a seven-year high, causing worries in the Indian economy. Spot gold was up 0.2% at $ 1,909.54 per ounce, the highest level since 01 June when it hit $ 1,913.89 per ounce. <\/p>\n\n\n\n

Putin recognised two breakaway regions in eastern Ukraine as independent on Monday and ordered the Russian army to conduct a “peacekeeping” operation in the region, intensifying a crisis that has roiled global stock markets.<\/p>\n\n\n\n

Washington and European countries slammed the action, vowing fresh sanctions. US Secretary of State Tony Blinken stated that President Vladimir Putin\u2019s decision to recognise the so-called \u201cDonetsk and Luhansk People\u2019s Republics\u201d as \u201cindependent\u201d is a blatant attack on Ukraine\u2019s sovereignty and territorial integrity. <\/p>\n","protected":false},"excerpt":{"rendered":"

Do you think Indian stock markets will see losses because of the Ukraine crisis? Click to find out.<\/p>\n","protected":false},"author":45,"featured_media":7133,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[702,44],"acf":[],"modified_by":"Manonmayi","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/02\/6-1.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7132"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=7132"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7132\/revisions"}],"predecessor-version":[{"id":7135,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7132\/revisions\/7135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/7133"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=7132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=7132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=7132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}