It was a wild day for Dalal Street investors on Monday as headline indices made a smart recovery in the second half of the session, shrugging off weakness across most global markets. The 30-scrip index bounced back 1,413.8 points from the lowest levels of the day to settle at 56,247.3, and the broader Nifty50 benchmark came within inches of the 16,800 mark at the close, having sunk below 16,400 during the session.
The 30-scrip index gyrated 1,491 points during the session, which began with a gap-down opening, amid nervousness among investors globally amid heightened geopolitical tensions, after the West imposed tough new sanctions on Russia for its invasion of Ukraine.
The India VIX - known in market parlance as the fear index - rose 6.8 percent to end at 28.6, after surging as much as 11.4 percent during the session.
Ukrainian President Volodymyr Zelensky agreed on Sunday to have officials take part in talks with Russia “without preconditions”, even as Russian President Vladimir Putin further escalated tensions by placing his nuclear forces on alert.
On the domestic front, analysts awaited official data on India's gross domestic product (GDP) for more clarity on the pace of economic recovery from the pandemic lows.
Here are some key factors impacting the market now:
(Edited by : Akanksha Upadhyay)
First Published: Feb 28, 2022 2:15 PM IST
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