Sensex, Nifty end at new lifetime peaks on Ukraine-Russia ceasefire

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Sensex, Nifty end at new lifetime peaks on Ukraine-Russia ceasefire
The Sensex and the Nifty ended the day higher as Ukraine and Russia agreed to a ceasefire sending stocks across Europe soaring.

The Sensex ended the day higher by 120 points, while the Nifty rallied 31 points in trade. Leading gainers in trade today were IT stocks including Infosys and TCS. In fact, Infosys surged a huge 3 per cent in trade. Other IT stocks like Wipro, HCL Tech and Tech Mahindra also joined the biggies higher.

Banking stocks were subdued in trade with big names like ICICI Bank and State Bank ending the day without gains. Select PSU Banks like IDBI Bank also ended the day with losses.

Metal stocks like Hindalco and Jindal Steel had a weakish session in trade and investors have been selling into the stocks ever since the decision on coal blocks.

GAIL and ONGC were the other stocks that were weak in trade today. Midcap stocks had a good session in trade with stocks like Crompton Greaves, UPL and Jain Irrigation among the top gainers.

Tata Motors saw buying interest after the company bagged an order for over 2,700 buses under JnNURM-II scheme. The stock ended the day 1.42 per cent higher.

Meanwhile, markets across Europe surged in trade after a ceasefire was announced between Ukraine and Russia.

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