Sensex, Nifty rebound over 2% each tracking recovery in global peers


Photo source: PTI (file)

A screen displays the Sensex record crossing the 60,000 mark for the first time, in Mumbai, on Friday, September 24, 2021 at the Bombay Stock Exchange (BSE) building.

The benchmark index Sensex and Nifty rose 2.5 percent on Friday, one day after suffering their worst session in nearly two years, in line with higher global markets as the United States and its allies form a united front to punish Russia with tougher sanctions. Ukraine conflict.

Snap their seven-day losing streak, the BSE Sensex rose 1,328.61 points, or 2.44 percent, to 55,858.52, while the NSE Nifty rose 410.45 points, or 2.53 percent, to 16,658.40.

With the exception of HUL and Nestle, all Sensex stocks closed with gains – with Tata Steel, IndusInd Bank, Bajaj Finance, NTPC and Tech Mahindra up 6.54 per cent.

On Thursday, the Sensex plunged above 2,700 points – its biggest one-day low in nearly two years; And the Nifty is down 815 points.

Foreign institutional investors offloaded shares worth Rs 6,448.24 crore in the Indian capital market on Thursday due to the Ukraine crisis, exchange data showed.

Asian stocks rose sharply on Friday as the United States announced further sanctions against Russia over its military action in Ukraine, due to a rebound.

Meanwhile, the United States, the EU and Japan have pledged support for Ukraine and agreed to a second round of economic and financial sanctions on Russia. Brent crude futures rose 0.67 percent to USD 100.80 a barrel.

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