The equity benchmark Sensex fell more than 2,700 points to a low of 54,383 on Thursday. 20 after Russian forces attacked Ukraine. Nifty plunged over 800 points to end at 16,247. Equity benchmark Sensex was trading much higher in the early hours of Friday. Nifty went up over 300 points to 16,572 over the course of the day.
The top two gainers on Sensex were Tata Steel and IndusInd Bank.
All the stocks on Sensex were trading in the green.
Equity benchmark Sensex opened over 800 points higher at 55,397. 29 and Nifty also jumped over 260 points to 16,515. The US and its allies announced harsher sanctions against Russia on 65.
9: 00 am: Oil prices soar $2 per barrel as markets look at sanctions.
Oil prices went up by nearly $2 per barrel in early trade on Friday as Russia's invasion of Ukraine continued to cause global supply concerns as markets brace for trade sanctions on major crude exporter Russia.
The global benchmark for Brent crude LCOc 1 went up $1.99, or 2%, to $101.07 a barrel around 0155 GMT on Friday. US West Texas Intermediate WTI crude CLc 1 climbed $1.89, or 2%, to $94.70 a barrel.
The attack on Ukraine caused prices to surge to more than $100 a barrel for the first time since 2014, with Brent touching $105, before paring gains at the close of trade.
US stocks ended up sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.
The S&P 500 rose by more than 1%, ending a four day slide due to concerns over the escalating crisis. The Dow ended up in positive territory.
The Dow Jones Industrial Average rose 92.07 points, or 0.28%, to 33,223. The S&P 500 gained 63.2 points, or 1.50%, to 4,288, at the end of 83. 7 and the Nasdaq Composite added 436.10 points, or 3.34%, to 13,473. Asian markets traded in the green on Thursday after the US and its allies announced harsher sanctions against Russia.
Japan's benchmark Nikkei 225 added 386 points to 26,359. Australia's S&P ASX 200 rose 25 points to 7,016. South Korea's Kospi gained 26 points to 2,675.
Hong Kong's Hang Seng climbed 91 points to 22,992 while the Shanghai Composite added 47.76 points to 3,477.
Foreign institutional investors FIIs sold shares worth Rs 6,448. On February 24, domestic institutional investors DIIs bought shares worth 7,667, and DIIs bought shares for Rs 7,667. The NSE has provisional data available for 75 crore.
The Indian equity market is likely to open on a positive note as the SGX Nifty was up 90 points to 16,510. The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.
On Thursday, the Sensex ended 2,700 points lower after global markets came under huge selling pressure due to Russia's invasion of Ukraine. Sensex ended up 2,702 points lower at 54,529 and Nifty fell to 16,247 by 815 points.
IndusInd Bank was the top Sensex loser, shedding 7.88 per cent, followed by Bajaj Finance, Axis Bank, M&M Tech Mahindra. All 30 Sensex stocks closed in the red.
BSE mid-cap and small-cap indices lost 1,301 points and 1,555 points, respectively. On the sectoral front, banking, consumer durables, IT and capital goods shares led the losses today.
The consumer durables index fell 1514 points to 40,950, and the banking index fell 2373 points to 40,547. The BSE Capital Goods index lost 1172 points to 26,492 and the BSE IT index fell 1551 points to 32,329.