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Markets rebound: Sensex adds 1000 pts, Nifty above 16,500;
PSU banks surge: Nifty back above 16,500:
All Sensex stocks in green in opening deals:
Gold and oil prices up:
Stock Market today: Indian equities, in line with global peers, tanked on Thursday, with benchmark indices down nearly 5%, their biggest single-day fall since March 2020, after Russia launched an invasion of Ukraine.
Share market : A day after a rout, Indian equities opened higher on Friday. Globally too, equities rose after the US decided against imposing the stiffest of sanctions on Russia over its Ukraine invasion. At open, Sensex surged 963.28 pts to 55,493.19, Nifty rose 289.80 pts to 16,537.80
Investors are considering the possible inflation and growth shocks to the global economy from the conflict and ensuing sanctions. Russia and Ukraine are major grain exporters, while Russia is also rich in energy and metals. Disruptions could stoke already-high price pressures just as the Federal Reserve prepares to tighten policy.
DoT urges TRAI to expedite spectrum recommendations as PMO keen on 5G initial launch by 15 Aug: PTI
The Telecom Department has urged TRAI to expedite recommendations on spectrum, as it cited PMO’s request to the department to work towards the initial launch of 5G by 15 August, and to possibly obtain the regulator’s views before March 2022.
The move assumes significance as the industry is gearing up for mega spectrum auctions, that will pave the way for next generation 5G services to be rolled out in the country.
CBI arrests Anand Subramanian, former NSE GOO, in connection with alleged irregularities in National Stock Exchange
The Central Bureau of Investigation (CBI) late on Thursday arrested Anand Subramanian, former chief operating officer of the National Stock Exchange (NSE), said a person with direct knowledge of the matter.
Oil prices surge 2% as Russian invasion of Ukraine rings supply alarm bells
Oil prices soared nearly $2 per barrel in early trade on Friday as Russia’s invasion of Ukraine continued to inflame global supply concerns as markets brace for the impact of trade sanctions on major crude exporter Russia.
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