Sensex rises 230 points, Nifty up at 17,222 | List of top gainers
India Today
The blue-chip NSE Nifty 50 index closed 0.4 per cent or 69 points higher at 17,222, while the S&P BSE Sensex rose 0.4 per cent or 231.29 points to 57,593.49.
The Sensex and Nifty recovered from early losses on Monday to snap a three-session losing streak, as heavyweight banks clawed back lost ground, and Coal India and telecom major Bharti Airtel posted sharp gains.
The blue-chip NSE Nifty 50 index closed 0.4 per cent or 69 points higher at 17,222, while the S&P BSE Sensex rose 0.4 per cent or 231.29 points to 57,593.49.
Both indexes had fallen 0.9 per cent in intraday trade, dragged down by heavyweight financials, after Shanghai announced a lockdown over the weekend to contain a spike in Covid-19 cases, stoking worries about a hit to global activity.
The Nifty and the Sensex have recouped some losses triggered by the Ukraine war and resultant spike in oil prices, but are still negative for the year.
Meanwhile, Asian peers continued to face pressure, European shares gained as interest rate-sensitive stocks rose and hopes of a peace deal in the Ukraine crisis aided sentiment.
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