As the domestic market crashed more than 3.5 per cent after Russia launched attack on Ukraine, Kotak AMC Group President and MD Nilesh Shah on Thursday said it is very difficult to guess as in where the market will bottom out. " It is time to buy on dips and stay invested in good stocks. Investors can look forward to increasing their equity allocation on each correction," said Shah.  

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Speaking of investors who have put money in SIPs and what should they do going forward in this market, Shah said they must learn from their own experience of March 2020 as since then equity SIPs have generated huge return and they must be sitting profits even today. " Those who pulled out money then incurred huge losses, while they stayed with their investment made huge returns," Kotak AMC Group President said.  

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Meanwhile, Russia launched an all-out invasion of Ukraine by land, air and sea on Thursday, the biggest attack by one state against another in Europe since World War Two and confirmation of the worst fears of the West, reported Reuters. 

Russian missiles rained down on Ukrainian cities. Ukraine reported columns of troops pouring across its borders into the eastern Chernihiv, Kharkiv and Luhansk regions, and landing by sea at the cities of Odessa and Mariupol in the south. 

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Explosions could be heard before dawn in the Ukrainian capital Kyiv. Gunfire rattled out near the main airport and sirens blared across the city. 

As per Reuters, at least eight people had been killed and nine were wounded by the Russian shelling, an advisor to the Ukrainian Minister of Internal Affairs said. 

Meanwhile, at 2.50 pm benchmarks were trading lower by 3.5% each as Nifty50 dropped 606.50 (-3.55%) to 16,456.75, while the Sensex tanked 2190.59 points or 3.83% to 55,041.47.