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Markets rebound sharply, Sensex zooms 1,736 pts


Link [2022-02-16 09:34:12]



Mumbai, February 15

Equity indices staged a stellar comeback on Tuesday after suffering their worst losses in a year in the previous session as bargain hunters piled into energy, finance and IT stocks amid signs of easing Russia-Ukraine tensions.

Recoup from Manic Monday

On the Sensex chart, all 30 shares closed with gains — with Bajaj Finance, SBI, Bajaj FinServ, Lamp;T, Titan, Wipro and Asian Paints rallying as much as 5.13%All 19 BSE sectoral indices logged significant gains. Auto, banking, teck, realty and IT indices were the top performers, climbing up to 3.87%

European markets clambered up following reports that some Russian troops near Ukraine were returning to their bases, which could de-escalate tensions between Moscow and the West. A strengthening rupee further bolstered sentiment, traders said.

Recouping the previous day's losses, the 30-share BSE Sensex surged 1,736.21 points to end at 58,142.05. This was its biggest one-day jump since February 1. Likewise, the NSE Nifty soared 509.65 points to settle at 17,352.45.

On the Sensex chart, all 30 shares closed with gains — with Bajaj Finance, SBI, Bajaj FinServ, Lamp;T, Titan, Wipro and Asian Paints rallying as much as 5.13%. —



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