Markets see sharp fall in last hour of trade as Ukraine war escalates

Sensex, Nifty were in a free fall in the last hour of trades as the bulls got get another day of beating in the markets. War, inflation and just the lack of any positive trigger kept the bulls at bay. Here are the market highlights of a terrible Tuesday:

• Market at close: Last hour sell-off saw the Nifty crack below the 17,000 mark and the Sensex fell over 700 points. Big losses in this month Infosys down 18%, HDFC Bank down 10%
• War Escalates: Ukraine says phase two of the war has begun as Russia begins offensive in the Donbas
• Covid Concerns: Delhi authorities to meet tomorrow to discuss need for restrictions, masks return in Chandigarh
• China disruptions continue all eyes on central bank if lending rates are cut on Wednesday