Breaking: Nifty below 16,600, Sensex tanks 2000 pts as Russia attacks Ukraine; Is it Good to Invest Now Check Details

Breaking: Nifty below 16,600, Sensex tanks 2000 pts as Russia attacks Ukraine; Is it Good to Invest Now Check Details The BSE Sensex and Nifty 50 ind…

CA Deepak Gupta

Feb 24, 2022

Last update on Feb 24, 2022

Breaking: Nifty below 16,600, Sensex tanks 2000 pts as Russia attacks Ukraine; Is it Good to Invest Now Check Details

The BSE Sensex and Nifty 50 indexes in India fell 2.5 percent on Thursday, the day of the monthly F&O expiry, after Russian President Vladimir Putin announced military operations in Ukraine. The BSE Sensex crashed over 2000 points, trading at 5520 points, while the NSE crashed over 600 points, trading near 16450.

Wall Street’s major indexes ended sharply lower on Wednesday, extending their recent rout as Ukraine declared a state of emergency and the U.S. State Department said a Russian invasion of Ukraine remains potentially imminent.

Long term investors can focus on quality mid, large cap stocks

With the Russia-Ukraine crisis escalating into a full-fledged war, equity markets have been under significant pressure over the past few weeks. Nifty now has technical support at 16410. Closer to the downside, 16185 and possibly 15840 could be reached. 17350 continues to be a strong resistance level.

Disclaimer: This article is based on the research of the Author. Please do your research before investing. We take no responsibility for any loss suffered by the investor due to this information.

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CA Deepak Gupta

Co Founder

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.