Finance
After seven consecutive days of decline, today Indian equities rallied, rising over 2% each, as Western sanctions on Russia, following its attack on Ukraine, stopped short of the harshest measures.
Global equities advanced Friday but US futures were lower as Russian troops pressed toward the capital of Ukraine.
Market benchmarks rose in London, Paris, Tokyo and Shanghai but fell in Hong Kong. Russian shares gained 15%, rebounding after a nosedive on Thursday as the invasion of Ukraine began.
Back home, the Sensex rose 1,328.61 points, or 2.4%, to end the day at 55,858.52, while Nifty climbed 410.40 points to 16,658.40.
On the Nifty, Coal India, Tata Motors, Tata Steel, Adani Ports and IndusInd Bank were the top gainers, while Britannia Industries, Nestle India and Hindustan Unilever Ltd. were the worst hit.
All sectoral indices ended higher, with PSU Bank, power, metal and realty indices up 4-6%. Midcaps and Smallcaps rose 4% each.
Source:Mint
