On Sunday, key benchmark indices started the week on a positive note amid concerns about escalating geopolitical tensions after Russian missiles struck a major Ukrainian base near the border with NATO-member Poland. At 09:16 IST, Sensex was up 285.10 points or 0.51 per cent at 55835.40 and Nifty was up 68 points or 0.41 per cent at 16698.50. About 1594 shares rose, 513 shares declined and 111 shares remained unchanged.
Mohit Nigam, PMS Head, Hem Securities said: “Markets showed a directional bias for the fourth consecutive day on Friday as it closed with marginal gains. Investors’ sentiments were buoyed by the BJP’s victory in UP, which is considered the gateway to the Lok Sabha elections. As the new week begins, investor sentiment will again turn to the ongoing conflict between Ukraine and Russia. Investors will also be watching rising crude oil prices and their impact on domestic prices and the economy as a whole. It will be interesting to see when the government will hike domestic fuel prices.”
global signal
Wall Street ended a downbeat week with further losses on Friday as traders braced for continued economic fallout from Russia’s invasion of Ukraine as well as Federal Reserve rate hikes, although European indices saw gains. Gone. The Dow Jones Industrial Average fell 229.88 points, or 0.69%, to 32,944.19, the S&P 500 fell 55.21 points, or 1.30 percent, to 4,204.31 and the Nasdaq Composite fell 286.15 points, or 2.18 percent, to 12,843.81.
Asian stocks rose on Monday on hopes of progress in Russian-Ukraine peace talks. While Russian missiles struck a large Ukrainian base near the border with Poland on Sunday, the two sides gave their most upbeat assessment yet about the prospects for talks. Japan’s Nikkei rose 1.1 per cent, while MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent after falling nearly 4 per cent last week.
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