Markets are a bit jittery due to the geopolitical tension – the Russian forces are stacked up in such a way that an attack can happen in short order.

What can happen to oil prices if there is a conflict which comes about? That is a big worry especially for markets like India, which are the big importers of oil.

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Trade setup for Feb 17: Can Nifty50 defend 17,200? Check out key market cues before Thursday’s session

The US Federal Reserve’s minutes were read as 'dovish'. However, the Fed has said everything is on track -- essentially the fact that asset purchases would end sometime in March, and the reduction in balancesheet will commence after that.

Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details.

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