Sensex recovers slightly as Ukraine crisis continues to weigh
At 9.20am, the Sensex was trading up 0.18%, or 37.15 points, at 20,983.8 points. Photo: Mint
Mumbai: The 30-share bellwether BSE Sensex on Tuesday was trading marginally higher tracking mixed global cues amid Ukraine crisis.
At 9.20am, the Sensex was trading up 0.18%, or 37.15 points, at
20,983.8 points, while the National Stock Exchange’s (NSE’s) broader
50-share Nifty was trading higher 0.23%, or 14.1 points, at 6,235.55
points.
The gainers included Hindalco Industries Ltd that rose 1.28% to Rs.106.85 and Oil and Natural Gas Corp. Ltd (ONGC) that jumped 1.02% to Rs.292.8.
Among the losers, Maruti Suzuki India Ltd shares lost 1.38% to Rs.1,560 and Dr Reddy’s Laboratories Ltd fell 1.04% to Rs.2,786.10.
The BSE consumer durable index rose 1.06% to be the
biggest gainer, while the realty index fell 0.12%, the most among
sectoral indices.
Fears over intensifying conflict in Ukraine have sparked a
stampede into haven assets such as the dollar, gold and bonds, and has
driven equity prices lower. Overnight US markets ended lower with the
S&P 500 falling 0.7%, Nasdaq Composite down 0.7% and Dow Jones
Industrial Average declining 0.9%.
Asian markets were trading mixed on Tuesday as risk
aversion continued after Western powers scrambled to deal with Russia
seizing Crimea and US threatening sanctions. Japan’s Nikkei Stock
Average gained 0.32%, Hong Kong’s Hang Seng was up 0.2%, while China’s
Shanghai Composite was down 0.68%.
RAHUL KUMAR
PGDM 1st year
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