As of 9:48 a.m., Sensex was down 0.1% or 71 points at 57,793 points, while Nifty was down 0.1% or 10 points at 17,277 points.
After a sharp decline following the Russian-Ukrainian war, India’s benchmark Sensex equity index had risen more than 5,000 points in the last eight trading sessions since March 8.
During the said period, Nifty rose by more than 1,400 points.
“Pleasant after the 15% correction from the peak has rallied 10%. This market resilience, even amidst uncertainties and challenges, is important from an investor’s perspective. In the short term, the biggest benefit for the market, it’s REITs that are getting buyers Crude back to $110 is a headwind,” VK said.
On IT stocks, Vijayakumar said that
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