Sensex Nifty rebound tracking recovery in global peers
Mumbai Feb 25 PTI A day after suffering their worst session in about two years benchmark indices Sensex and Nifty rebounded up to 25 per cent on Friday in line with higher global markets as the US and allies put up a united front to punish Russia with harsher sanctions over the Ukraine conflict Snapping their seven-day losing streak the BSE Sensex climbed 132861 points or 244 per cent to settle at 5585852 while the NSE Nifty went soared 41045 points or 253 per cent to 1665840 Barring HUL and Nestle all Sensex shares closed with gains — with Tata Steel IndusInd Bank Bajaj Finance NTPC and Tech Mahindra surging as much as 654 per cent On Thursday the Sensex had crashed over 2700 points — its biggest single-day plunge in about two years and the Nifty had nosedived 815 points Spooked by the Ukraine crisis foreign institutional investors further offloaded shares worth a net Rs 644824 crore in the Indian capital markets on Thursday exchange data showed Asian shares edged significantly higher on Friday driven by a US rebound as more sanctions were announced against Russia for its military actions in Ukraine Meanwhile the US EU and Japan have vowed to support Ukraine and agreed on a second tranche of economic and financial sanctions on Russia Brent crude futures rose 067 per cent to USD 10080 a barrel PTI MKJ ABM ABM
Mumbai Feb 25 PTI A day after suffering their worst session in about two years benchmark indices Sensex and Nifty rebounded up to 25 per cent on Friday in line with higher global markets as the US and allies put up a united front to punish Russia with harsher sanctions over the Ukraine conflict Snapping their seven-day losing streak the BSE Sensex climbed 132861 points or 244 per cent to settle at 5585852 while the NSE Nifty went soared 41045 points or 253 per cent to 1665840 Barring HUL and Nestle all Sensex shares closed with gains — with Tata Steel IndusInd Bank Bajaj Finance NTPC and Tech Mahindra surging as much as 654 per cent On Thursday the Sensex had crashed over 2700 points — its biggest single-day plunge in about two years and the Nifty had nosedived 815 points Spooked by the Ukraine crisis foreign institutional investors further offloaded shares worth a net Rs 644824 crore in the Indian capital markets on Thursday exchange data showed Asian shares edged significantly higher on Friday driven by a US rebound as more sanctions were announced against Russia for its military actions in Ukraine Meanwhile the US EU and Japan have vowed to support Ukraine and agreed on a second tranche of economic and financial sanctions on Russia Brent crude futures rose 067 per cent to USD 10080 a barrel PTI MKJ ABM ABM
