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Stock Market LIVE:Sensex tanks, Nifty sub-17K on Ukraine crisis; India VIX jumps: (Volatality Index)

Broader markets also under pressure; SmallCaps skid over 2%

All sectoral indices deep in the red:

Investors need to wait and watch and do bottom fishing.
Stock market today: Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday, after Vladimir Putin upped the ante in a crisis the West fears could unleash a major war.

Indian stocks fell on Tuesday, tracking global cues, as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of Ukraine. India VIX jumped over 19%, with broader markets and sectoral indices in the red

Elsewhere, investors continue to monitor commentary from Fed officials for clues on the likely path of monetary tightening. Fed Governor Michelle Bowman suggested that a half percentage-point increase in interest rates could be on the table next month if incoming readings on inflation come in too high

U.S. to announce sanctions against Russia Tuesday in coordination with allies: Reuters

The United States is coordinating with allies and will announce new sanctions against Russia on Tuesday after Moscow recognized two breakaway regions of Ukraine as independent and sent “peacekeeping” forces there, U.S. officials said on Monday.

“Tomorrow, the United States will impose sanctions on Russia for this clear violation of international law and Ukraine sovereignty and territorial integrity,” U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, told reporters after a U.N. Security Council meeting on Monday evening.

“We can, will, and must stand united in our calls for Russia to withdraw its forces, return to the diplomatic table and work toward peace.”

Russian President Vladimir Putin on Monday recognized two breakaway regions of Ukraine as independent and told Russia’s defense ministry to deploy troops into the two regions to “keep the peace,” heightening tension with the West over Ukraine.

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