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The Ukraine war marks Russia's biggest confrontation with the West since the depths of the Cold War.Ĭatch all the action in Sensex and Nifty50 on February 21, and other market news. For news related to business, politics, tech, sports and auto, visit. The developments assume significance as the rise in geopolitical concerns among investors comes about days ahead of February 24, the day Russia's full-scale invasion of Ukraine completes one year. Putin has frequently justified his invasion of Ukraine by accusing Western countries of threatening Russia. Read more on Vladimir Putin's speech on war "And we (Russia) are using force to end it," the Russian president said. "It's they who have started the war," said Putin, referring to Western countries. He also accused the Western countries of trying to destroy Russia, in his first address to the nation's parliament since its offensive on Ukraine. Putin said Russia will achieve its war aims. What Vladimir Putin said about Ukraine and the West On Friday, the S&P 500 and the Nasdaq declined 0.3 per cent and 0.6 per cent respectively though the Dow managed to rise 0.4 per cent, amid selling pressure in tech heavyweights such as Microsoft. The US markets remained shut on February 20 for the Presidents Day holiday. Dow Jones futures were down 0.5 per cent at the last count on Tuesday evening in India, having slumped as much as 0.9 per cent earlier in the day during Putin's speech. S&P 500 futures were down 0.7 per cent, having recouped nearly a quarter of their intraday losses. The futures of the tech stocks-heavy Nasdaq Composite were down 0.9 per cent after falling as much as 1.3 per cent.īack home, Indian equity benchmarks Sensex and Nifty50 finished a volatile session barely below the flatline as losses in IT and auto shares offset gains in oil & gas counters.
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