The Sensex and Nifty surged by more than 2 per cent on Wednesday on gains in index heavyweight Reliance Industries and HDFC, as investors looked at possible end in sight for Russia’s invasion on Ukraine, ceasefire talks and Ukraine President’s withdrawal of the request for NATO membership.
Asian Paints was the lead gainer among Sensex stocks, rising by 5.56 per cent. Reliance Industries soared 5.24 per cent, Bajaj Finserve by 5 per cent and HDFC Bank by 3.29 per cent.
Aviation stocks were in huge demand on Wednesday’s trade as after a two-year hiatus, India will resume regular international flights from March 27.
Meanwhile, international oil benchmark Brent crude declined 1.22 per cent to $126.4 a barrel.
Foreign institutional investors however continued offloading shares worth Rs 8,142.60 crore on a net basis on Tuesday, according to exchange data, over continued uncertainty in Ukraine.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius