Sensex Bounces Back, up 1,100 Points Today Amid War in Ukraine, Nifty Near 16,600

All of the sectors indexes are higher, with the PSU Bank, metal, and realty indices each up 4%. The BSE midcap and smallcap indices are both down 3%.

The Sensex and Nifty50 indexes in India started Friday’s session on a strong note, with cautious gains seen across global markets after US Vice President Joe Biden announced further penalties against Russia. Investors throughout the world were keeping a close eye on the Russia-Ukraine issue. Gains across sectors aided the headline indices in building on their gap-up start, with the greatest gains coming from financial, IT, and oil & gas stocks. The Nifty Midcap 100 and Smallcap 100 indices both rose 3-4 percent as markets became more broad. After finishing February with a loss of 862 points, or 5%, the 50-scrip index began the March futures & options (F&O) series.

The BSE MidCap and SmallCap indices both rose 3% in the broader markets. Apollo Hospitals shares increased by 3% on a stock-by-stock basis. In the Nifty 50 Index, the business will take the place of Indian Oil.