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Indian stock indices open positive

stock indices

The Sensex was up 307.15 points or 0.54 percent at 57607.83 and the broader Nifty was up 95.30 points or 0.56 percent at 17,187.50

Indian benchmark stock market indices turned positive at the opening bell on February 23. At 09:16 AM, the Sensex was up 307.15 points or 0.54 percent at 57607.83. The broader Nifty was up 95.30 points or 0.56 percent at 17,187.50.

About 1,388 shares have gained, 554 shares fell, and 60 shares are unchanged.

Among Nifty gainers were UPL (+0.97 percent), HDFC Bank (+0.95 percent), SBI (+0.92 percent), ITC (+0.91 percent), and Infosys (+0.90 percent) while losers were ONGC and L&T.

Nifty finished lower for the fifth consecutive session on February 22, driven lower by developments on the Russia Ukraine front. At close Nifty was down 0.67 percent or 114.4 points at 17,092.

Shares in Asia-Pacific rose in Wednesday morning trade as investors continue monitoring the intensifying crisis surrounding Ukraine. S&P 500 futures were up 0.4 percent in early Asia trade, after US President Joe Biden left the door open to diplomacy as he announced sanctions on two Russian banks and some elites close to President Vladimir Putin, Reuters said.

MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent. Japan’s Nikkei was closed for the Emperor’s birthday holiday.

US stocks closed sharply lower Tuesday, with the S&P 500 entering correction territory, as investors reacted to Russian President Vladimir Putin’s decision to order troops to breakaway regions of Ukraine, escalating tensions and raising fears of a full-scale invasion.

The Dow Jones Industrial Average closed down 482.57 points, or 1.42 percent at 33,596.61, while the S&P 500 lost 44.11 points, or 1.01 percent falling to 4,304.76 and the Nasdaq Composite dropped 166.55 points, or 1.23 percent to 13,381.52. The MSCI world equity index, which tracks shares in 50 countries, shed 0.9 percent after earlier falling 1.5 percent, with the index at levels not seen since January 28.

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