Pasar rebounds sharply: Sensex jumps 1,736 points – News2IN

Pasar rebounds sharply: Sensex jumps 1,736 points

Pasar rebounds sharply: Sensex jumps 1,736 points
Written by news2in

New Delhi: The sharp rebound equity index on Tuesday – after increasing tensions between Russia and Ukraine amazing investors – with BSE Sensex benchmarks up more than 1,700 points led by profits throughout the sector.
Both indices have been traded green since opening trade and soaring more than 3 percent in the final agreement.
The 30-share BSE index jumped 1,736 points or 3.08 percent to close at 58,142.
Meanwhile, the wider NSE settled 510 points or 3.03 percent higher at 17,352.
Bajaj Finance, SBI, Bajaj Finserv, L & T and Titan are the main enhancers in the sensex package up as much as 5.13 percent.
All 30 shares are finished higher.
On the NSE platform all sub-index finished green with Nifty Auto, Bank PSU, Media and rose by 4.01 percent.
Here are the main reasons for the current market rally: * Relieves tensions between Russia-Ukrainmarkets cheering reporting de-escalation tenses between Moscow and West.
Some troops in the Russian military district adjacent to Ukraine returned to the base after completing training, the Russian Ministry of Defense was quoted on Tuesday, a step that could eliminate the friction between Moscow and West.
“Market punch can be more related to settling down Russian-Ukrainian worries.
Because the market began to move beyond the level, some short coverings also occurred,” Deepak Jasani, retail research, Securities HDFC told the Reuters news agency.
* Oil prices dropped from 7-year high oil down from 7-year highs to around $ 94 per barrel after reporting the easing of the Russian-Ukrainian crisis.
Brent crude fell $ 2.35, or 2.4 percent, to $ 94.13 at 0912 GMT.
US West Texas Intermediate crude (WTI) fell $ 2.00, or 2.1 percent, to $ 93.46.
The two benchmarks of oil reached the highest since September 2014 on Monday, with Brent touched $ 96.78 and WTI reached $ 95.82.
The price of Brent rose 50 percent in 2021 as a global recovery of demand from the supply of tense pandemic Covid-19.
* Support strong purchases throughout the day, strong purchasing support witnessed in all sectors.
The automatic index of nifty, banking index, the IT index was the top enhancer, up 3.5 percent, 2.9 percent and 2.8 percent.
Among individual stocks, sophisticated Spicejet 5.7 percent after reporting quarterly profit against losses last year.
Bajaj Finance jumped 5.13 percent after the market capitalization went beyond HDFC.
“Behind the purchase in the frontline counter, Indian equity continues to get their profits in the afternoon session, living near the high point of the day,” Gaurav Garg, head of research at Capitalvia Global Research told the PTI news agency.
* The global footage of European stocks opened slightly higher on Tuesday, the dollar subsided and gold was only below 8 months as investors remained focused on Russian risks attacking Ukraine.
Risk Apfetite investors increased slightly on Monday when Russian Foreign Minister Sergei Lavrov suggested that Moscow will continue along the diplomatic pathway to complete tension.
After stocks fell in the US and Asian sessions, there were signs of improving sentiment in early European trade.
The MSCI World Equity Index, which tracks shares in 50 countries, rose 0.2 percent on the day at 0839 GMT, the first acquisition after three consecutive days fell more than 0.9 percent.
(With input from the agency)

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