The Nifty 50 index experienced a sudden dip of 200 points, currently at 23,520.95 after reports emerged about escalating tensions between Ukraine and Russia. The index briefly recovered in midday trade but faced renewed selling pressure as global sentiment soured.
Key Developments:
- Ukraine’s ATACMS strike inside Russia: Ukraine conducted its first ATACMS missile strike within Russian territory, as reported by Bloomberg.
- Russian nuclear warning: Kremlin spokesperson Dmitry Peskov hinted at a potential nuclear response under Russia’s updated nuclear doctrine, following Ukraine’s use of Western missiles.
- Global market reaction: Dow Jones futures slid, indicating a broader risk-off sentiment across global equities.
Investor Concerns:
The geopolitical crisis has raised fears of a prolonged conflict, further unsettling already volatile markets. Analysts warn that prolonged tensions could impact commodity prices and foreign fund flows, putting additional pressure on equity markets.
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