Recovery continues on Ukraine's softening tone
Sensex, Nifty rebound further over 2% as Reliance, HDFC twins gain; IT, aviation stocks hog limelight; Investors in positive mood over exit polls; Investors richer by Rs7.21 lakh cr in 2 days as mcap on BSE rises to Rs248.32 lakh cr
Quick intraday relief rally likely
Regaining Lost Ground For 2nd Session
- Reports that Ukrainian President is no longer pressing for NATO membership brought relief to markets
- Biggest single-day gain since Feb 25
- BSE Sensex higher by 1,223.24 pts at 54,647.33
- NSE Nifty climbed 331.90 pts to 16,345.35
- 40 of Nifty-50 stocks advanced
- Asian Paints lead gainer
Mumbai: Extending the gains for a second day, key stock indices Sensex and Nifty jumped by more than two per cent on Wednesday as oil and energy, financials and IT stocks advanced amid reports of diplomatic efforts to end Russia's attack on Ukraine.
The benchmark BSE Sensex opened in the green and further jumped 1,469.64 points or 2.75 per cent to 54,893.73 during the day. It finally settled at 54,647.33, higher by 1,223.24 points or 2.29 per cent, notching up the biggest single-day gain since February 25. The broader Nifty of the NSE climbed 331.90 points or 2.07 per cent to end at 16,345.35 as 40 of its stocks advanced. New Delhi, Mar 9 (PTI) Equity investors became richer by over Rs 7.21 lakh crore as stock markets continued the rally for the second day on Wednesday. Market capitalisation (mcp) of BSE-listed companies jumped by Rs7,21,949.74 crore to Rs2,48,32,780.78 crore in two days.
"D-Street bulls finally held the upper hand on reports suggesting that the Ukrainian President is no longer pressing for NATO membership," S Ranganathan, head (research) at LKP securities said.
