Sensex recovers over 300 pts tracking steady Asian peers
Mumbai Feb 23 PTI The BSE gauge Sensex staged a bold recovery of over 300 points to revisit the 57600-level in opening deals on Wednesday prompted by steady Asian bourses despite lingering geopolitical worries in eastern Europe Analysts believe that global markets regrouped hoping that Western sanctions on Russia after Russian troop movements near Ukraine might soften Moscows defiant tone and leave some room to avoid a war The Sensex was trading 34241 points or 060 per cent higher at 5764309 and the Nifty was up 105 points or 061 per cent at 1719720 Barring LT Nestle and HUL all Sensex shares climbed Elsewhere in Asia bourses were mostly trading with gains hoping that war in Ukraine can be avoided after US Japan and European powers imposed sanctions on Russia Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraines eastern regions escalating tensions Russian President Vladimir Putin recognised the independence of rebel-held regions of Ukraine raising fears of an imminent full-scale invasion US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russias invasion of Ukraine Brent crude futures were at USD 9674 a barrel having eased off Tuesdays top of USD 9950 Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 324552 crore on a net basis on Tuesday as per exchange data PTI MKJ DRR
Mumbai Feb 23 PTI The BSE gauge Sensex staged a bold recovery of over 300 points to revisit the 57600-level in opening deals on Wednesday prompted by steady Asian bourses despite lingering geopolitical worries in eastern Europe Analysts believe that global markets regrouped hoping that Western sanctions on Russia after Russian troop movements near Ukraine might soften Moscows defiant tone and leave some room to avoid a war The Sensex was trading 34241 points or 060 per cent higher at 5764309 and the Nifty was up 105 points or 061 per cent at 1719720 Barring LT Nestle and HUL all Sensex shares climbed Elsewhere in Asia bourses were mostly trading with gains hoping that war in Ukraine can be avoided after US Japan and European powers imposed sanctions on Russia Stocks closed lower on Wall Street on Tuesday after Russia sent forces into Ukraines eastern regions escalating tensions Russian President Vladimir Putin recognised the independence of rebel-held regions of Ukraine raising fears of an imminent full-scale invasion US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russias invasion of Ukraine Brent crude futures were at USD 9674 a barrel having eased off Tuesdays top of USD 9950 Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 324552 crore on a net basis on Tuesday as per exchange data PTI MKJ DRR
