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Investors’ wealth jumps over Rs 7 lakh crore as market rebounds
- Investors’ wealth surged by more than Rs 7 lakh crore in the first hour of trading on Friday as the broader market clawed back some of its lost ground, a day after Russia’s attack on Ukraine roiled investor sentiments. Starting off on a strong footing, the 30-share BSE Sensex soared over 1,240 points or around 2.29 per cent in early trade to touch 55,779.45 points.
- The market capitalization of BSE-listed companies jumped to Rs 2,49,39,482.35 crore, recording a gain of Rs 7,15,302.56 crore compared to the level when the counters closed on Thursday.
- The market capitalization, an indicator of notional wealth of investors, was at Rs 2,42,24,179.79 crore on Thursday.
Bulls march ahead … Sensex surges 1,600 points
NIFTY REALTY surges nearly 5%; only one constituent in the red
BLOCK DEAL: 1.34% of equity of Nuvoco Vistas exchanged hands
Nifty trades at day’s high
Sensex Today: Index extends gains, rises over 1,300 points
One 97 Communication, owner of Paytm, FSN E-Commerce Ventures, which runs online marketplace Nykaa, Zomato Ltd, Indian Oil Corporation Ltd, MindTree Ltd and SRF Ltd will find a place in Nifty Next 50.
Price as on 25 Feb, 2022 09:43 AMClick on company names for their live prices.
Apollo Hospitals Enterprise Ltd will replace Indian Oil Corporation Ltd from National Stock Exchange’s benchmark index Nifty 50 from March 31.
Price as on 25 Feb, 2022 09:40 AMClick on company names for their live prices.
How to navigate the current market situation?
But we are in the context of a war with a high level of uncertainty. A lot will depend on whether this will be a short war or will it get prolonged. If it turns out to be a short war with Russia succeeding in putting a pro-Russian government in Ukraine soon, markets are likely to bounce back. On the other hand, if it gets prolonged, the uncertainty will impact markets.
Since the situation remains fluid, investors may remain cautious and vigilant.
For long-term investors who can ignore the short-term gyrations in the market, there are buying opportunities in high quality stocks that have corrected significantly. Financials, IT and real estate stocks have the potential to bounce back smartly in a favorable environment.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Bitcoin, Ethereum, Terra zoom up to 17%; Dogecoin falls
- The freefall in the cryptocurrency market following Russia’s invasion of Ukraine halted on Friday as top crypto tokens showed strength amid low-level buying.
- Barring the US dollar-pegged Tether and Dogecoin, all of the top digital tokens were trading higher. Terra zoomed 17 per cent, followed by an 8 per cent rise in Bitcoin and Solana each. Avalanche rallied 7 per cent.
- The global cryptocurrency market cap today is $ 1.81 trillion, a rise of 3 per cent in the last 24 hours. Total cryptocurrency trading volume on the last day was at $ 155 billion. Popular trends of the industry right now are Defi and Play to Earn.
Market live updates: India VIX cools off 16%
Most active stocks on NSE in early trade
Price as on 25 Feb, 2022 09:20 AMClick on company names for their live prices.
Sector Watch | Strong rebound across the board
Sensex Heatmap | Barring Nestle, all stocks trade in the green at opening tick
OPENING BELL: Sensex climbs 800 points, Nifty tops 16,500; IndusInd Bank, Tata Steel jump 3% each
Asia shares rise after US rebound
Asian shares rose Friday after US stocks recovered toward the end of a wild trading day, as the world, including President Joe Biden, slapped sanctions against Russia for its invasion of Ukraine. Japan’s benchmark Nikkei 225 surged 1.4% in morning trading to 26,343.02. Australia’s S & P / ASX 200 gained 0.5% to 7,022.30. South Korea’s Kospi jumped 1.2% to 2,681.19. Hong Kong’s Hang Seng added nearly 0.2% to 22,941.59.
Pre-open session: Sensex rises 650 points, Nifty tops 16, 500
SGX Nifty signals a gap-up start
Nifty futures on the Singapore Exchange traded 233 points, or 1.43 per cent, higher at 16,470, signaling that Dalal Street was headed for a gap-up start on Thursday.
Tech View: Nifty below 200-day EMA hints at weakness
Nifty50 on Thursday fell below its 200-day exponential moving average (EMA) decisively and broke key supports of 16,800 and 16,400 with ease. The index has almost reached the oversold territory, as suggested by the 14-day RSI, Therefore, if Nifty50 opens negatively on Friday and slide into the zone of 16,000-15,900 levels chances of a pullback attempt remain higher, analysts said.
Hong Kong stocks flat at open
Hong Kong stocks opened marginally higher on Friday morning following the previous day’s Ukraine-induced sell-off, with support coming from news that the latest sanctions on Russia were softer than feared. The Hang Seng Index inched up 6.54 points to 22,908.10. The Shanghai Composite Index gained 0.45 percent, or 15.38 points, to 3,445.34.
Japan stocks rebound on US gains
Tokyo stocks opened higher on Friday, rebounding from losses in previous sessions and following gains on Wall Street despite Russia’s invasion of Ukraine. The benchmark Nikkei 225 index climbed 0.93 percent or 242.38 points to 26,213.20 at the open, while the broader Topix index added 0.43 percent or 8.08 points to 1,865.66.
US stocks settled higher
US markets on Thursday recovered from early losses after President Joe Biden stopped short of implementing the steepest possible sanctions against Russia. The Dow Jones Industrial Average rose a more modest 92.07 points, or 0.3%, to 33,223.83. It rallied back from an earlier 859-point loss. The S&P 500 rose 63.20 points to 4,288.70. the Nasdaq staged an even bigger comeback to end with a gain of more than 3%.
Rupee plummets 99 paise to 75.60 amid Ukraine crisis
The rupee tanked 99 paise to close at 75.60 against the US dollar on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine. Forex traders said sustained foreign fund outflows, heavy selling in domestic equities and elevated crude oil prices weighed on investor sentiment.
Sensex, Nifty50 on Thursday
The BSE Sensex plummeted about 2,850 points during the session before closing at 54,529.91, registering a massive fall of 2,702.15 points or 4.72 per cent. This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms. Likewise, the NSE barometer Nifty nosedived 815.30 points or 4.78 per cent to end at 16,247.95.
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