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Manish Malhotra, Raghavendra Rathore, Anamika Khanna and Pankaj & Nidhi have seen their initial drops of digital artworks selling in minutes

Brent surged to $100.04 a barrel after the announcement, as concerns grew about a full-scale conflict in eastern Europe.

​​At 9.20 am, the BSE Sensex was ruling at 55,904.72, down 1,327.34 points or 2.3 per cent. The NSE Nifty slipped below 16,600 but recovered. It was trading at 16,668.40, down 394.85 points or 2.31 per cent. Asian peers were down up to 3.3 per cent.

Barring Terra all of top digital tokens were trading lower. Avalanche plunged more than 7 per cent, whereas Bitcoin, Ethereum, Cardano, and Dogecoin tumbled between 4 and 5 per cent.

“The Ukraine issue is probably a sideshow but the ultimate impact will be from the Fed action which will be clearer only by the middle of March. However, given that the Ukraine issue, which was an extra overhang on the market, is probably getting resolved now, today onwards we have actually recommended to our clients that they can go for maybe 10-15% increased allocation now and then another 25% can come once clarity on Fed issue comes in mid March.”

"In the next two-three years, steel balance sheets are only going to get better and better and therefore any correction in this segment has to be used as an opportunity. Globally every country is looking at spending money on infrastructure. In this kind of scenario, the demand is going to be quite robust. New supplies are not forthcoming at least for the next two-three years.”

“We believe that cement is facing several headwinds in terms of a little bit of demand slowdown as well as higher raw material cost leading to margin pressure. But this space can benefit from the growth and increasing demand in the real estate and infra space. We like UltraTech among largecap names and JK Cement and Birla Corp within the midcap space. Large corporate banks like ICICI Bank and SBI, which would remain our top picks despite the kind of interest that we are seeing in HDFC and Kotak.”

eClerx Services Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7287.73 Crore) operating in IT Enabled Services sector.

The S&P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.

Sebi noted that Bagga Rajinder Jeet Singh had failed to comply with provisions of Prohibition of Insider Trading norms by failing to make requisite disclosures regarding the two transactions he carried out while in the employment of the company.