a day after their suffering Worst season in nearly two yearsbenchmark index Sensex and Nifty Global markets rallied up to 2.5% on Friday in line with higher global markets, as the US and allies put up a united front to punish Russia with harsh sanctions. Ukraine conflict,
Breaking its seven-day losing streak, the BSE Sensex climbed 1,328.61 points or 2.44% to end at 55,858.52, while the NSE Nifty ended 410.45 points or 2.53% higher at 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 6.54%.
On Thursday, the Sensex had broken over 2,700 points – its biggest one-day fall in nearly two years; On the other hand, Nifty had broken 815 points.
Panicked over the Ukraine crisis, foreign institutional investors on Thursday further sold shares worth a net R6,448.24 crore in the Indian capital market, according to exchange data.
Asian stocks rose significantly on Friday on the back of US rebound More sanctions announced against Russia For his military actions 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% to $100.80 a barrel.
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