![]() The average price for regular gasoline in the United States has risen to nearly 3.50, a rise of almost 20 cents over the last month and nearly 1. "We retain our cautious stance and advise traders to refrain from building a fresh buying position until we see further decisive movement in the market," said Vijay Dhanotiya, lead of technical research at CapitalVia Global Research. Oil prices have risen to well over 90 a barrel in recent days as Russian troops massed along Ukraine’s borders, and many experts say an outright invasion would send the price above 100 a barrel. Reflecting the uncertainty, stock markets were sliding lower. IDBI Bank's stock (IDBI.NS) rose 3.3% after a report said the Indian government might start privatising the state-owned lender this month. Oil Markets on Edge as Russia-Ukraine Tensions Drag On - WriteCaliber Oil prices are well over 90 a barrel, and an invasion would most likely push them above 100. Shares of Vedant Fashions (VEDN.NS), known for its wedding wear brand 'Manyavar', listed at a premium in its Mumbai market debut and closed up 7.8%. Shares in Power Grid (PGRD.NS) fell the most, dropping 3.5%, while ICICI Bank (ICBK.NS) was the major drag on the Nifty, shedding 1.55%. The sub-indexes rose 3.4% and 4%, respectively, on Tuesday. The Nifty bank index (.NSEBANK) fell 0.6%, while the public sector bank index (.NIFTYPSU) dropped 1.2%. We are seeing selling coming back on any sharp up move." ![]() European natural gas prices rose about 6. "There is continuous foreign institutional investor selling, which is keeping a check on the upside. They eased early in the day as traders took note of reports that Russian officials remained willing to negotiate a potential settlement before climbing again in the afternoon. "(Indian) Markets are a bit cautious after the sharp rally (on Tuesday)," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services, adding that concerns over higher inflation and interest rate hikes also lingered. President Joe Biden warned that more than 150,000 Russian troops were still near Ukraine's borders. But worries lingered as Kyiv appeared to blame Russia for a cyber attack, and U.S. ![]() Global stocks rebounded on Wednesday in hopes of easing tensions between Russia and Ukraine. He said Americas goal was to use a confrontation as a pretext to impose more sanctions on. Both the indexes had gained 3% on Tuesday. Russias President Vladimir Putin has accused the US of trying to draw his country into a war in Ukraine. The NSE Nifty 50 index (.NSEI) fell 0.17% to 17,322, while the S&P BSE Sensex (.BSESN) ended 0.25% lower at 57,996.68. BENGALURU, Feb 16 (Reuters) - Indian shares closed in the red on Wednesday, weighed down by banks, as investors turned cautious after a massive rally in the previous session while keeping an eye on Russia-Ukraine tensions.
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