A screen displays as the Sensex crosses the record 60,000 mark for the first time at the Bombay Stock Exchange (BSE) building on Friday, September 24, 2021 in Mumbai.
A day after suffering their worst session in nearly two years, benchmark indices Sensex and Nifty jumped up to 2.5 per cent on Friday in line with higher global markets, as the US and allies to punish Russia with harsh sanctions A united front was put up. Ukraine conflict.
Breaking its seven-day losing streak, the BSE Sensex climbed 1,328.61 points or 2.44 per cent to end at 55,858.52, while the NSE Nifty rose 410.45 points or 2.53 per cent to 16,658.40.
Barring HUL and Nestle, all Sensex stocks closed with gains – with Tata Steel, IndusInd Bank, Bajaj Finance, NTPC and Tech Mahindra rising as much as 6.54 per cent.
On Thursday, the Sensex had broken over 2,700 points – its biggest single-day fall in nearly two years; On the other hand, Nifty had broken 815 points.
Panicked by the Ukraine crisis, foreign institutional investors sold shares worth a net Rs 6,448.24 crore in the Indian capital market on Thursday, according to exchange data.
Asian stocks rose significantly on Friday, driven by a US rebound, as more sanctions were announced against Russia for its military crackdown in Ukraine.
Meanwhile, the US, the European Union and Japan have vowed to support Ukraine and have agreed on a second tranche of economic and financial sanctions on Russia. Brent crude futures rose 0.67 per cent to USD 100.80 per barrel.
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