Sensex, Nifty rebound tracking recovery in global peers | Markets News

Mumbai: A day after suffering a devastating two-year crisis, Sensex and Nifty dream indexes returned to 2.5 per cent on Friday, in line with higher global markets as the US and its partners did a united front to punish Russia with harsh sanctions. on the Ukraine conflict.

Taking their seven-day loss streak, BSE Sensex climbed 1,328.61 or 2.44 per cent to settle at 55,858.52, while NSE Nifty rose 410.45 or 2.53 per cent to 16,658.40.

Holding HUL and Nestle, all Sensex shares closed with gains – including Tata Steel, IndusInd Bank, Bajaj Finance, NTPC and Tech Mahindra up as much as 6.54 per cent.

On Thursday, Sensex hit over 2,700 points – the largest single day in two years; and the Nifty has nosedived 815 points.

Spooked by the Ukraine crisis, foreign investors also posted a net worth of Rs 6,448.24 crore in Indian capital markets on Thursday, exchange data showed.

Asian families hit a record high on Friday, triggered by a US reshuffle, as more sanctions were announced against Russia for its military actions in Ukraine.

Meanwhile, the US, EU and Japan have vowed to support Ukraine and agree on a second round of economic and financial sanctions on Russia.

Crude Brent futures rose 0.67 per cent to USD 100.80 a barrel.

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