Nifty trades below 17,000 mark; ONGC bucks trend | Business Standard News

The benchmark indices were trading with steep losses in afternoon trade amid weak global cues.

There are concerns that rising tensions in Eastern Europe will boost crude oil prices and could spark global supply chain disruption, resulting in rising input costs.

The two self-proclaimed rebel republics of Donetsk and Luhansk, whose independence Moscow recognised on Monday, are situated in the rust belt in eastern Ukraine, and escaped Kyiv’s control in 2014.

Stating that technology has helped the government make payments to the affected people during the pandemic, Smt Sitharaman said it is also looking at how digital solutions can be deployed in the education and the farming sectors.

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