Russia moving away from attacking position in Ukraine - What does it mean for the stock markets, Market Guru Anil Singhvi decodes

Russia has moved away from its attacking position in Ukraine and there is news of Russian soldiers returning to their base as per Russian agencies. Zee Business Managing Editor Anil Singhvi is of the opinion that if there had been an attack, the domestic markets would have fallen and then advanced. In case, there is no attack, the markets will rise without any fall. 

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"There is no need to be overconfident, at this very moment, there are chances that anything can happen. There can be news that can take the markets to 17,500 and also any news can take the markets to 17,000," Singhvi stated. 

The Market Guru further informed that as long as the head of both the countries - Russia and Ukraine do not make any comment on the situation, anything can happen. 

रूसी सैनिकों की अपने बेस की ओर लौटने की खबर...

बाजार में आई तेजी में क्या करें?

ये तेजी कितनी भरोसेमंद?

ट्रेडर्स और इन्वेस्टर्स कैसे करें रिस्क मैनेजमेंट?

जानिए अनिल सिंघवी से..@AnilSinghvi_ | #RussiaUkraineCrisis pic.twitter.com/9sfumyjLnf

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"Any statement can impact the markets. If there is any positive comment from them then the markets will rise and in case of any negative comments, the markets will fall to 17,000," he further said. 

Singhvi suggested, "There has been a positive view and NIfty has risen to over 17,200 at closing. However, one should trade as far as it is manageable for the person."

As long as nothing official comes from the heads of these two nations that nothing conclusively can be stated. However, the Russian soldiers going back to their bases is having a positive impact on the markets as of now. 

At  market closing today, the benchmarks Nifty50 and the S&P BSE Sensex ended 3 per cent higher in the closing at the domestic stock markets. The broader Nifty reclaimed 17, 300, while the Sensex surged nearly 1700 points, aided by auto and FMCG stocks. The two indices ended near 17,400 and above 58,100 in a major pull back on Wednesday.