The Market Opened On A Positive Note After Many Days
The market opened on a positive note, after many days, most of the Sensex shares rose: Share Market Today.
The Sensex opened on a positive note on the third phase of elections in UP.
It opened at 57,632, up about 300 points from yesterday’s close and according to traders, this positive trend is expected to continue in the market.
On the other hand, Nifty 50 also opened higher at 17,194 points. Among the 30 stocks of Sensex, Kotak Bank was the biggest gainer while L&T shares were the losers.
Analysts believe that global markets have regrouped in hopes that sanctions imposed on the movement of Russian troops near Ukraine could depress Moscow and save it from war.
At the time of writing the news, the Sensex was trading at 57,643.09, up 342.41 points or 0.60 percent.
The market opened on a positive note: On the other hand, Nifty was up 105 points or 0.61 percent at 17,197.20. Barring L&T, Nestle, and HUL, all Sensex stocks rose.
Exchanges in Asia are mostly trading at a profit. There is hope that the Ukraine-Russia war could be avoided after the US, Japan, and European powers imposed sanctions on Russia.
Tensions mounted after Russia sent troops to Ukraine’s eastern regions, causing stocks on Wall Street to close lower on Tuesday.
Russian President Vladimir Putin recognized the independence of Ukraine’s rebel-held territories, raising fears of an attack.
After this, US Secretary of State Tony Blinken canceled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week.
On the other hand, Brent crude futures were at $ 96.74 a barrel, having declined from Tuesday’s high of $ 99.50.
Foreign institutional investors (FIIs) continued their sell-off in the Indian markets as they sold shares worth Rs 3,245.52 crore on a net basis on Tuesday, according to exchange data.
