Sensex recovers over 300 points tracking steady Asian peers
The Hindu
Barring L&T, Nestle and HUL, all Sensex shares climbed.
The BSE gauge Sensex staged a bold recovery of over 300 points to revisit the 57,600-level in opening deals on Wednesday, prompted by steady Asian bourses, despite lingering geopolitical worries in eastern Europe.
Analysts believe that global markets regrouped, hoping that Western sanctions on Russia after Russian troop movements near Ukraine might soften Moscow's defiant tone and leave some room to avoid a war.
The Sensex was trading 342.41 points or 0.60% higher at 57,643.09; and the Nifty was up 105 points or 0.61% at 17,197.20.
Barring L&T, Nestle and HUL, all Sensex shares climbed.
Elsewhere in Asia, bourses were mostly trading with gains, hoping that war in Ukraine can be avoided after U.S., Japan and European powers imposed sanctions on Russia.
Stocks closed lower on Wall Street on Tuesday, after Russia sent forces into Ukraine's eastern regions, escalating tensions.
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