iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Nifty trades above 16,700; Europe opens in red

28 Feb 2022 , 01:41 PM

Key equity indices were trading near the days high in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 137.23 points or 0.25% to 55,995.75. The Nifty 50 index gained 65.10 points or 0.39% to 16,723.50.

The continued escalation of the Russia Ukraine conflict and its consequent global economic fallout continued to weigh on the investors sentiment.

In the broader market, the S&P BSE Mid-Cap index was up 0.10% while the S&P BSE Small-Cap index rose 0.37%.

The market breadth was positive. On the BSE, 1929 shares rose and 1419 shares fell. A total of 159 shares were unchanged.

Hindalco Industries (up 7.21%), Tata Steel (up 5.78%), JSW Steel (up 4.82%), PowerGrid Corporation Of India (up 4.03%) and BPCL (up 3.52%) were top Nifty gainers.

HDFC Life Insurance Company (down 2.71%), Dr. Reddys Laboratories (down 2.58%), HDFC Bank (down 1.74%), Nestl? India (down 1.66%) and Axis Bank (down 1.66%) were major Nifty losers.

In the global market, the Dow Jones index futures were down 380 points, indicating a weak opening in the US stocks today.

European shares fell across the board as more sanctions have been imposed on Russia for its invasion of Ukraine, with the U.S., Europe and Canada agreeing Saturday to remove key Russian banks from the interbank messaging system, SWIFT. The U.K. and EU have also closed their airspace to Russian aircraft.

Asian stocks, however, settled higher as investors monitor the Russia-Ukraine crisis and related sanctions.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.