Sensex Nifty rebound 2 tracking recovery in Asian markets
Mumbai Feb 25 PTI Domestic equity benchmarks Sensex and Nifty rebounded over 2 per cent in opening trade on Friday in line with higher Asian bourses as investors assessed long-term risks of the Ukraine conflict The BSE Sensex climbed 114058 points or 209 per cent to trade at 5567049 in opening deals and the NSE Nifty traded higher by 34410 points or 212 per cent at 1659205 On the Sensex chart IndusInd Bank Tata Steel Bajaj Finance Bajaj FinServ and SBI emerged as top gainers — rising as much as 6 per cent On Thursday the Sensex crashed over 2700 points — its biggest single-day plunge in about two years and the Nifty nosedived 815 points The bloodbath on Dalal Street plunged investor wealth by over Rs 13 lakh crore Spooked by the Ukraine crisis foreign institutional investors further offloaded shares worth Rs 644824 crore in the Indian capital markets on Thursday exchange data showed Asian shares were higher on Friday driven by a rebound in US equities as more sanctions were announced against Russia for its actions in Ukraine Meanwhile the US EU and Japan are putting on a united front to support Ukraine and agreed on a second tranche of economic and financial sanctions on Russia Oil prices which jumped after the Russian invasion on Ukraine rose again on Friday on worries about supply disruptions Brent crude futures were up 2 per cent at USD 10120 a barrel PTI DRR DRR
Mumbai Feb 25 PTI Domestic equity benchmarks Sensex and Nifty rebounded over 2 per cent in opening trade on Friday in line with higher Asian bourses as investors assessed long-term risks of the Ukraine conflict The BSE Sensex climbed 114058 points or 209 per cent to trade at 5567049 in opening deals and the NSE Nifty traded higher by 34410 points or 212 per cent at 1659205 On the Sensex chart IndusInd Bank Tata Steel Bajaj Finance Bajaj FinServ and SBI emerged as top gainers — rising as much as 6 per cent On Thursday the Sensex crashed over 2700 points — its biggest single-day plunge in about two years and the Nifty nosedived 815 points The bloodbath on Dalal Street plunged investor wealth by over Rs 13 lakh crore Spooked by the Ukraine crisis foreign institutional investors further offloaded shares worth Rs 644824 crore in the Indian capital markets on Thursday exchange data showed Asian shares were higher on Friday driven by a rebound in US equities as more sanctions were announced against Russia for its actions in Ukraine Meanwhile the US EU and Japan are putting on a united front to support Ukraine and agreed on a second tranche of economic and financial sanctions on Russia Oil prices which jumped after the Russian invasion on Ukraine rose again on Friday on worries about supply disruptions Brent crude futures were up 2 per cent at USD 10120 a barrel PTI DRR DRR
