Nifty saw a good start on a superb day with foreign investors also turning buyers as the index came within striking distance of 17000 hitting 16987.
Bank Nifty also was the big gainer up over 2%. Cement & bank stocks lead the gainers with metals seeing short-covering as the broader markets outperformed with Nifty next 50 index up 2.26%.
US Market: US markets see 2nd day running as Federal Reserve raises rates by 25 basis points as per market expectations.
Russia/Ukraine agree to talk peace with conditions. Dow Jones rises 500 points while Nasdaq gains nearly 500 points or over 3.77%.
Oil prices rise after sharp fall on Wednesday with bond yields closing near 2.14%
Asian Market: Asian markets saw a positive start with the Japanese ‘Nikkei’ leading the gains up over 900 points in early trade. South Korean & Taiwan markets also rally smartly trading up by over 2%.
Chinese institutions stepped in yesterday to buy stocks in Hong Kong & Chinese markets as they spiralled out of control.
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