Share markets in India have extended early gains and are presently trading on a firm note.
Benchmark indices rebounded today after steep losses recorded in the previous session as crude oil prices edged lower after Russian foreign minister Sergei Lavrov said there was "always a chance" for agreement with the West on the Ukraine crisis.
Asian share markets are trading mixed with minimal losses. Crypto markets too seem to have stabilized after a sharp selloff in the last couple of days.
After opening half a percent higher, benchmark indices BSE Sensex and Nifty turned flat in early trade. Gains were then extended as index heavyweight stocks rose 2-3%.
Currently, the
Meanwhile, the
Shares of Eicher Motors, Hero MotoCorp and HUL soared 3-5% while Nestle, L&T and Bharti Airtel gained in the range of 2-3%.
Broader markets are underperforming benchmarks but still trading in the positive. The BSE Midcap and BSE Smallcap index are trading 0.8% and 0.2% higher.
Among individual stocks, Cipla shares tanked after the company's promoters sold 2,01,69,756 shares (representing 2.5% of the total issued and paid-up share capital) today.
Post this transaction, the promoter group will continue to hold 34.23% in the company.
Meanwhile, shares of Rossari Biotech tanked 20% to hit a 52-week low after the company reported weak operational performance in December quarter.
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More details to follow in the upcoming commentary.
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