Sensex Bounces Back, up 1,000 Points Today Amid War in Ukraine, Nifty Near 16,500

Key benchmark indices opened on a constructive word after carnage was seen on the D-street as Russian President Vladimir Putin ordered navy operations on Ukraine. At 09:16 IST, the Sensex was up 963.28 factors or 1.77 per cent at 55493.19, and the Nifty was up 289.80 factors or 1.78 per cent at 16537.80. About 1544 shares have superior, 611 shares declined, and 68 shares are unchanged.

Among the Sensex-30 shares, IndusInd Bank, Tata Steel, M&M, Bajaj Finserv, ICICI Bank, Axis Bank, Ultratech Cement, Wipro, Bajaj Finance an SBI have been the highest gainers, as much as 4 per cent greater. All Sensex shares have been in inexperienced.

In the broader markets, the BSE MidCap and SmallCap indices have been additionally within the constructive territory, up 3 per cent every. Among particular person shares, Apollo Hospitals shares rallied 3 per cent. The firm will probably be changing Indian Oil within the Nifty 50 Index.

Global Cues

US markets on Thursday recovered from early losses after President Joe Biden stopped wanting implementing the steepest attainable sanctions in opposition to Russia. The Dow Jones Industrial Average rose a extra modest 92.07 factors, or 0.3 per cent, to 33,223.83. It rallied again from an earlier 859-point loss. The S&P 500 rose 63.20 factors to 4,288.70. the Nasdaq staged an excellent larger comeback to finish with a acquire of greater than 3 per cent.

Asian shares rose Friday after US shares recovered towards the top of a wild buying and selling day, because the world, together with President Joe Biden, slapped sanctions in opposition to Russia for its invasion of Ukraine. Japan’s benchmark Nikkei 225 surged 1.4 per cent in morning buying and selling to 26,343.02. Australia’s S&P/ASX 200 gained 0.5 per cent to 7,022.30. South Korea’s Kospi jumped 1.2 per cent to 2,681.19. Hong Kong’s Hang Seng added almost 0.2 per cent to 22,941.59.

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