Oil prices gained more than $1 on Thursday, trading below seven-year highs hit earlier this week, as fresh developments on the Russia-Ukraine crisis sparked concerns that supported prices. Brent crude rose 73 cents, or 0.75%, to $97.57 a barrel at 0130 GMT, after soaring as high as $98.08.

Gold futures on MCX were trading higher by 1.53 per cent or Rs 772 at Rs 51,151 per 10 grams. Silver futures were trading up 1.65 per cent or Rs 1,066 at Rs 65,651 per kg.

“Nobody is above law. If anything illegal has happened, then everybody will be liable right from the IT manager to the highest level including the board. Once CBI completes the investigation, then it will come to some conclusion as to who all were responsible or liable for the purpose of co-location. ”

The stock quoted a 52-week high price of Rs 94000.0 and low of Rs 63000.05.

Sanofi India’s counter fell to a low of Rs 7,159 as against the previous close of Rs 7,280.40 on the National Stock Exchange.

The stock traded at a P/E multiple of 35.82, while the price-to-book value ratio stood at 36.38.

“Why is the government not owning up to creating these basic infrastructure around having education which is linked to livelihood and having skilling and upgradation programmes which improves the chances and odds of our kids who are graduates but have subsistence level income because their graduation has no linkage to their ability to get themselves a job?"

The rupee plunged against the US dollar on Thursday, weakening past the psychologically significant 75/$1 mark as Russia’s announcement of a military operation in Ukraine sent Brent crude oil prices surging past the $100 mark for the first time in seven years. The partially convertible rupee was last at 75.0730/$1 as against the previous close of 74.55/$1 at the previous close. The Indian currency, which opened at 74.6640/$1, moved in a band of 74.6860-75.0703/$1 so far in the day.

The BSE market capitalisation fell to Rs 246 lakh crore from Rs 256 lakh crore in the previous session. It was down a whopping Rs 16 lakh crore since February 16 close of Rs 246 lakh crore. One out of every six stocks had hit its lower circuit limit by this time.

“There is no point in selling into fear. If you look back, at events like this, typically whenever these events wind down, the markets typically tend to bounce back. So unless it is absolutely necessary, it is counterproductive to sell into a panic like this; whether you want to buy or not is entirely up to the investor’s risk appetite.”