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breaking news  US Accepts Russia’s Invitation to Ukraine Talks;  Paytm closes at all-time low;  Chitra Ramkrishna, former CEO of Cbi Grills

The domestic market extended its losses for the third straight day as investors remained cautious amid ongoing tensions between Russia and Ukraine. Sensex finished 54 points lower at 57,833 and Nifty50 fell below 17,300 at the close.

RIL, Infosys, Ultratech Cement, Bajaj Finance, ICICI Bank, Bharti Airtel and M&M accounted for most of the losses on the Sensex twins and HDFC, L&T, TCS and Axis Bank were the winners.

Shares of most new-age companies were in negative territory today. Paytm, CarTrade and Fino Payments Bank ended the session at all-time lows amid the overall negative trend.

In this edition of Top News Podcast,’s Kanishka Sarkar also explains why the Central Bureau of Investigation (CBI) is questioning former National Stock Exchange Managing Director Chitra Ramkrishna.

This is a day after the Income Tax Department raided Ramkrishna’s residence in Mumbai. Earlier, the market regulator, SEBI, fined him Rs 3 crore for sharing confidential information with an unknown person and hiring irregularities.

Meanwhile, a special court in Ahmedabad has handed down death sentences to 38 convicts and sentenced 11 others to life imprisonment in the case related to the 2008 serial explosions in Ahmedabad. These explosions killed 56 people and injured more than 200.

Globally, the situation along the Ukrainian border remains tense. Russian-backed rebels and Kiev forces accused each of firing across a ceasefire line overnight. Meanwhile, the United States has accepted an invitation from Russia for a meeting next week on the condition that there is no more Russian invasion of Ukraine.

A local report suggests that Russia on Saturday announced new drills involving “strategic forces,” aerospace forces and strategic rocket forces will take part in what the military has described as exercises of the country’s strategic deterrent forces. Russian President Vladimir Putin will oversee military ballistic and cruise missile drills, according to reports.

Tune in to the Top News podcast for more

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