Sensex climbs over 350 points amid positive Asian markets

IndusInd Bank was the top winner in the Sensex package, followed by PowerGrid, NTPC, Wipro, Tata Steel and Tech Mahindra.

IndusInd Bank was the top winner in the Sensex package, followed by PowerGrid, NTPC, Wipro, Tata Steel and Tech Mahindra.

Stock benchmark Sensex jumped over 350 points at the open on Thursday, tracking positive trends in Asian markets despite the deepening conflict between Russia and Ukraine.

The 30-rate Sensex traded 353.52 points, or 0.64%, higher to 55,822.42 and the broader Nifty was up 110.45 points, or 0.67%, to 16,716.40.

IndusInd Bank was the top performer in the Sensex package, up nearly 2%, followed by PowerGrid, NTPC, Wipro, Tata Steel and Tech Mahindra.

On the other hand, Asian Paints, Maruti, Ultratech Cement, Nestle India and TCS were the losers, falling down 1.09%.

In the previous session, the index fell 778.38 points, or 1.38%, to end at 55,468.90. Similarly, the NSE Nifty fell 187.95 points, or 1.12%, to 16,605.95.

The Hong Kong, Shanghai, Seoul and Tokyo stock exchanges traded with significant gains on deals during the session.

The US stock market ended the overnight session in positive territory.

International oil benchmark Brent rose 2.83% to $116.13 a barrel.

On Wednesday, Russia and Ukraine said they were ready to hold talks for the second round since the Russian invasion began last week.

Overseas institutional investors continued their selling spree in Indian markets as they sold ₹4,338.94 crore of shares on a net basis, according to stock market data on Wednesday.

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