Sensex loses 383 points after short covering after 1289 points

(Gujarat News Correspondent) MUMBAI: Amid a flurry of war between Ukraine and Russia over the past week, the possibility of a world war has been looming, with Russia yesterday recognizing the two regions of eastern Ukraine, Luhansk and Donetsk, as independent states. Amid reports that nothing special will be done, the Indian stocks witnessed a recovery of short covering after an initial crash in global markets today. International crude oil prices also rose sharply, hitting ન્ટ 4.50 on Brent, jumping ૨૮ 4.5 in the evening to ૬૭ 2.3 and ના 2.3 on Nymex crude, to close at ૪ 4.31. The Sensex, which had earlier lost 18.5 points to a low of 4.5 on the back of global markets, fell short by 3.61 points to close at 200.5. While the Nifty spot initially fell by 4.5 points to 17.30, it finally fell by 114.5 points to close at 1,304.50. The US dollar had gained 3 paise to Rs 4.5 against the rupee.

Undertone downturn despite short covering

Despite the short covering, the undertone is still undergoing a major correction. The panic behind global markets has seen funds and institutional investors hammering in Indian markets for the time being, but retail investors are now refraining from selling stocks, waiting for the market to rebound and see a recovery and higher returns. Is. Analysts do not rule out the possibility of a big crash in the coming days as these retail investors have not yet got panic selling. Despite the recovery of index Sensex, Nifty based short covering, small, mid-cap stocks today, relentless funds, operators, players tried to sell stocks even after breaking prices in several stocks.

Gaps in cash stocks, small, mid cap stocks

Sensex, Nifty-based market breadth was extremely bad today in the wake of the recovery after the crash for the second day in a row in the sell-off sentiment in funds, players' small, mid-cap, cash stocks in an attempt to break prices. Out of the total 6 scrips-stocks traded on the BSE, the number of gainers today was only 4 and the number of declines was 4.

Investors' wealth declines by Rs 4.31 lakh crore

Index Sensex, Nifty-based, small, mid-cap stocks continued to sell sharply today, the accumulated market capitalization of investors listed on the BSE fell by Rs 2.31 lakh crore to Rs 4.5 lakh crore.

FPI / FII for sale of Rs. 3 crore

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs on Tuesday saw a net sale of Rs 3.5 crore worth of shares in the cash segment. A total of Rs 11,8.5 crore was sold against a total purchase of Rs 316.5 crore, while DII-domestic institutional investors made a net purchase of Rs 2,106.5 crore in cash today. A total of Rs 303.11 crore was sold against a total purchase of Rs 316.5 crore.

Markets in Asia and Europe declined

In global markets, Japan's Nikkei 3 Index fell 41.5 points to 3.71 and the Hong Kong Stock Exchange's Hang Seng fell 30.05 points to 30 in Asia today. In the European markets, the FTSE 100 Index of London Stock Exchange improved by two points in the evening, the Dex Index of Germany improved by 106 points and the Cake of France Index improved by 9 points. In US stock markets, futures were down 150 points in the evening and Nasdaq was down 12 points in the evening.

Ukraine Crisis Surrounds Home Gold and Silver Fluctuations

(By commerce representative) MUMBAI: Precious metals, including gold and silver, have been rocked in the crisis-ridden world market after Russia declared the two regions of Ukraine as independent nations. In the global market, gold crossed the 1,200 an ounce level at one point and silver also rose.

Strength in crude oil on the back of tough sanctions against Russia: Weakness in rupee

However, gold and silver retreated late in the evening following indications from NATO nations that they would rather impose economic sanctions than just wage war against Russia. The back of the world market also saw huge fluctuations in gold and silver. In the Mumbai market, silver had gained more than Rs 200. The rupee continued its five-day rally and weakened against the dollar. Crude oil prices were in favor of reform.

In the domestic market, the gold price in the Mumbai market, which is 8.50 per gram, excluding GST, opened with a gap this morning as compared to yesterday's closure. In the morning, it opened at Rs 205 and finally closed at Rs 30,151. Gold prices closed at Rs 305, down 2.50 per cent, and closed at Rs 70 on the back of global markets. Prices were set three per cent higher with GST. Silver opened at Rs 5 per kg and closed at Rs 5 per kg. Silver closed at Rs 311 higher than yesterday.

In the Ahmedabad market, gold was priced at Rs 31,600 per ten grams and Rs 2.50 per 21,500. Silver closed at Rs 2,000 per kg. Silver gained Rs 500 as compared to yesterday.

After crossing the level of 1910 per ounce of gold in the world market, it was finally traded at સાંજે 15 late in the evening. Silver also traded above ૨૪ 6 an ounce and traded at 4.5. Palladium, another precious metal, fell by ડો 21 to ૨૩૬૯ 5 an ounce and platinum by 105.

Crude oil prices have been on the rise since the announcement of economic sanctions against Russia. Nymex was trading at ૨૩ 4.5 a barrel, while Brent crude was trading at ૬૭ 4.5 a barrel late in the evening. The dollar had gained 61 paise to close at Rs 6.5. At one point, the dollar had gained 6.5 rupees.