Photo: Bloomberg
Stock market live news update: Major benchmark indices rallied into positive territory, led by banks and IT stocks, amid hopes of a de-escalation in tensions at the Putin-Biden meeting at the Russian-Ukrainian border. CONTINUE READING
The BSE Sensex rebounded nearly 900 points from the day’s lows to a previous high of 58,040. The NSE Nifty hovered around the 17,300 mark.
However, the broader markets were mixed. The BSE mid-cap index had erased losses while the small-cap index was down almost a percent.
However, overall market breadth has been fairly negative so far with nearly three stocks falling versus each rising stock on the BSE.
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