Russian currency (Rouble) : There is a sharp decline in the Rouble against the dollar. The price of $1 reached 86 rouble. The rouble has slipped up to 6% against the dollar. Rouble is trending at a record low against the dollar. Rouble touched a low of 89.60$.
Why did the stock market fall drastically? and why aluminum getting so expensive? this is the reason.
Aluminum prices hit a high record on thursday following a major attack on Ukraine by Russia. Russia is a major aluminum producer. The industrial lightweight metal settled at $3,382.5 a tonne, up from the previous record high of 3,380.15 in the july 2008 global finacial is used in many ways, from dink cans to airplane parts and many metal things of aluminum.
On February 24, Russian president Vladimir Putin announced a military operation in eastern Ukraine. After this the Indian Markets went into a heavy downtrends for the second time after this March 2022. After a mild recovery seen in january, the sensex-nifty has broken more than 10 percent from its recent high.
Geojit finacial services VK Vijay Kumar says that due to the continuing severity of the Ukraine crisis, the global stock market has turned into a correction mode. Investers should be in wait and watch mode and wait for the condition to clear before taking any major investment decision.
And today at present, around 11:03 am, the Sensex fell by 1649.31 points, or 2.88% to 55,582.75 level of business. On the other hand, Nifty is trending at a level of 16,573.10 down 490.15 points or 2.87%.
Insiders of Nykaa sold shares worth $19 million amid a sell-off in stock-
Insiders of FSN E-Commerce Ventures, the operater of E-commerce beauty products Giant Nykaa sold shares worth $19 million (or Rs 139 crore) last week amid a sharp sell-off in the stock according to BSE data. Its gone top brass insiders in Nykaa sold 984,528 shares of the company at an average price of Rs 1,424 per shares. these prices are at a premium of 27% over the IPO price of Rs 1,125 per shares.
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