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Sensex, Nifty End Sharply Higher on Ukraine Deal


Benchmark indices ended the day sharply higher after trading in a range for most of the day as Russia announced that it had entered into a peace deal with Ukraine.


Sensex, Nifty End Sharply Higher on Ukraine Deal
The Sensex ended the day with gains of 274 points, while the Nifty gained 84 points in trade. Shares in Bank of India slumped after the bank's profits lagged estimates. Other stocks that gained ground in trade were Cipla, Maruti Suzuki, Dr Reddy's and Gail. Shares in Hindalco rallied after the company's results were better than expected.

Tata Steel was the top Sensex loser in trade. Shares in Indiabulls Real Estate rallied sharply after profits at the company almost doubled. Shares in Bosch were also active with the stock rallying after the company was included in the MSCI index.

Jindal Steel, Hindustan Unilever, ONGC and Reliance Industries were among the top losers in trade from the Nifty.

Shares in Ricoh India surged a huge 20 per cent and the stock was locked at the upper end of the circuit filter. Mid cap stocks also ended the day with gains with favourites like Jubilant Foodworks seeing a sharp rally in trade.

Meanwhile, markets in Europe saw a rally in trade on hopes that a debt deal would soon be reached. The German DAX was trading higher by almost one per cent in trade, while the French CAC and UK's FTSE were also higher.

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