{"id":19426,"date":"2022-03-09T11:18:44","date_gmt":"2022-03-09T11:18:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/03\/09\/sensex-soars-1223-points-nifty-tops-16300\/"},"modified":"2022-03-09T11:18:44","modified_gmt":"2022-03-09T11:18:44","slug":"sensex-soars-1223-points-nifty-tops-16300","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/03\/09\/sensex-soars-1223-points-nifty-tops-16300\/","title":{"rendered":"Sensex Soars 1,223 Points; Nifty Tops 16,300"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares posted strong gains on Wednesday as investors took a breather from a sell-off fueled by escalating tensions in Ukraine.<\/p>\n<p>Analysts said the U.S. and U.K. ban on Russian oil imports may have muted effect without other countries joining in step.<\/p>\n<p>Sentiment was also helped after Ukraine President Volodymyr Zelensky said his country is no longer pressing for NATO membership, a delicate issue that was one of Russia&#8217;s stated reasons for invading its pro-Western neighbor.<\/p>\n<p>&#8220;NATO is not prepared to accept Ukraine,&#8221; he said. &#8220;The alliance is afraid of controversial things, and confrontation with Russia.&#8221;<\/p>\n<p>Separately, NATO secretary-general Jens Stoltenberg said there were credible reports Russian forces were targeting civilians in Ukraine and urged the Kremlin to ensure the war would not spread beyond.<\/p>\n<p>The benchmark 30-share S&amp;P BSE Sensex jumped as much as 1,223.24 points, or 2.29 percent, to 54,647.33.<\/p>\n<p>The broader NSE Nifty index ended up 331.90 points, or 2.07 percent, at 16,345.35 on the back of short covering and the exit poll results predicting a BJP sweep in Uttar Pradesh. <\/p>\n<p>Mahindra &amp; Mahindra, IndusInd Bank, Bajaj Finance, Reliance Industries and Asian Paints surged 4-6 percent, while PSU stocks such as Coal India, NTPC, Power Grid Corp and ONGC dropped 1-3 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Soars 1,223 Points; Nifty Tops 16,300<\/a><br \/>\n<br \/>2022-03-09 11:18:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares posted strong gains on Wednesday as investors took a breather from a sell-off fueled by escalating tensions in Ukraine. Analysts said the U.S. and U.K. ban on Russian&#8230;<\/p>\n","protected":false},"author":2,"featured_media":19427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-19426","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=19426"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/19427"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=19426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=19426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=19426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}