Indices open higher tracking global cues; Sensex climbs 800 points, Nifty tops 16,550; Tata Motors, IndusInd Bank, Tata Steel stocks jump

25 Feb 2022 , 09:30 AM

Dalal Street on Friday begins the March futures & options (F&O) series with Nifty above 16,500 amid positive global markets. The Sensex was up 811 points or 1.49% at 55,341.44, and the Nifty has zoomed 344 points or 2.12% at 16,592.90. India VIX down over 15% at 26.95. The sectors are in green on the Nifty index.

Around 1544 shares have advanced, 611 shares declined, and 68 shares are unchanged.

Tata Motors, UPL, IndusInd Bank, Tata Steel and Adani Ports were among major gainers on the Nifty, while losers were Britannia Industries and Nestle and Cipla.

On Sensex, all stocks trade in the green except Nestle in the early trade.

Meanwhile, Asian shares gained 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% to 26,343.02, Australia’s S&P/ASX 200 rose 0.5% to 7,022.30, South Korea’s Kospi climbed 1.2% to 2,681.19 and Hong Kong’s Hang Seng up nearly 0.2% to 22,941.59.

US markets close with gains as markets see the biggest comeback in months. Dow Jones recovers from down over 900 points to close up 92 points, while Nasdaq recovers from down 430 points to close up 430 points as volatility peaks.

Bond yields closed lower at 1.95% while oil prices also see profit booking from panic highs to close near US$94.