Sensex rallies over 1,000 pts, Nifty nears 17,000


PTI, Mar 16, 2022, 4:05 PM IST

Equity benchmark Sensex surged over 1,000 points on Wednesday to reclaim the 56,000-level, boosted by intense buying in IT, banking and financial stocks amid growing hopes of a breakthrough in Russia-Ukraine negotiations.

Strong global cues also propped up the domestic indices, traders said.

The 30-share BSE index closed 1,039.80 points or 1.86 per cent higher at 56,816.65. Likewise, the NSE Nifty jumped 312.35 points or 1.87 per cent to end at 16,975.35.

Ultratech Cement was the top gainer in the Sensex pack, spurting nearly 5 per cent, followed by Axis Bank, IndusInd Bank, HDFC, Bajaj Finserv, Infosys and Bajaj Finance.

On the other hand, Sun Pharma and PowerGrid were the laggards.

Elsewhere in Asia, bourses in Tokyo, Seoul, Hong Kong and Shanghai closed with healthy gains.

Stock exchanges in Europe were also trading significantly higher in mid-session deals.

Meanwhile, Ukraine has said there is possible room for compromise in talks with Russia, even as the Russian forces intensified its bombardment of Kyiv.

Ukrainian President Volodymyr Zelensky on Wednesday said Russia’s demands were becoming more realistic. Both the countries are likely to hold talks again on Wednesday.

Meanwhile, international oil benchmark Brent crude rose 2.94 per cent to USD 102.85 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,249.74 crore on Tuesday, as per provisional data.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Two Ugandan women held at Delhi airport for smuggling cocaine worth Rs 28 crore: Customs

Vandita Sharma appointed Chief Secretary of Karnataka

‘Prithviraj’ is now ‘Samrat Prithviraj’: YRF changes film title after Karni Sena’s demand

Iconic rifle, helmet at India Gate shifted to National War Memorial

Wankhede again under spotlight after Aryan gets clean chit in drug case

Service charge imposed by restaurants not illegal: FHRAI

Inspired by ‘Fast and Furious’ movie, 3 men steal over 40 luxury cars in Delhi, arrested


MUST WATCH

NEWS BULLETIN 26-05-2022

Dr. Surendra Kumar Jain atatement about malali masjid

Anjaneeya swamy Temple Mysore

Manipal Road Mishap Student end his Life

NEWS BULLETIN 25-05-2022


Latest Additions

Two Ugandan women held at Delhi airport for smuggling cocaine worth Rs 28 crore: Customs

Vandita Sharma appointed Chief Secretary of Karnataka

Accused of molesting granddaughter, ex-Uttarakhand Minister shoots self dead

‘Prithviraj’ is now ‘Samrat Prithviraj’: YRF changes film title after Karni Sena’s demand

Banks need to support growth, remain watchful of slippages: RBI report

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.