Share market rebounds: Factors that are driving Sensex, Nifty
India Today
The NSE Nifty 50 index rose 1.08 per cent or 181.60 points to 17,024.40, while the S&P BSE Sensex climbed 1.11 per cent or 624.76 to 57,030.60.
The share market on Tuesday regained momentum after its worst day in 10 months. The remarkable turnaround has been helped by gains in IT and consumer stocks, even as global markets remained on edge over escalating Russia-Ukraine tensions.
SENSEX, NIFTY GAIN
The NSE Nifty 50 index rose 1.08 per cent or 181.60 points to 17,024.40, while the S&P BSE Sensex climbed 1.11 per cent or 624.76 to 57,030.60.
In the previous session, both the indexes had fallen 3 per cent on Monday.
KEY FACTORS
Broader Asian share markets were flat after U.S. and European stocks lost ground on Monday, as investors contemplated the implications of a potential imminent Russian invasion of Ukraine.
"People are looking at every opportunity to exit their leveraged positions," AK Prabhakar, head of research at IDBI Capital in Mumbai said, while noting headwinds like geopolitical risks, higher crude oil prices and looming U.S. interest rate hikes, as per a Reuters report.
