{"id":7609,"date":"2021-02-23T04:08:00","date_gmt":"2021-02-23T04:08:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/23\/sensex-nifty-rebound-from-selloff\/"},"modified":"2021-02-23T04:08:00","modified_gmt":"2021-02-23T04:08:00","slug":"sensex-nifty-rebound-from-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/23\/sensex-nifty-rebound-from-selloff\/","title":{"rendered":"Sensex, Nifty Rebound From Selloff"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a positive note Tuesday after steep losses in the previous session on concerns over rising Covid-19 cases and a surge in oil prices. <\/p>\n<p>The benchmark S&amp;P BSE Sensex edged up 193 points, or 0.4 percent, to 49,937 in early trade, while the broader NSE Nifty index was up 76 points, or half a percent, at 14,752.<\/p>\n<p>Jet Airways jumped 5 percent.  The National Company Law Tribunal is expected to begin hearing the resolution plan of the grounded airline for approval today. <\/p>\n<p>Bharti Airtel gained 0.8 percent on fund raising reports. <\/p>\n<p>Bharat Forge rose nearly 2 percent after it joined hands with Paramount Group to manufacture armoured vehicles.<\/p>\n<p>Reliance Industries advanced 1.6 percent after saying it has begun the process of carving out the O2C <span class=\"landLinks\">business<\/span> into an independent subsidiary.<\/p>\n<p>Oil companies were moving higher as oil prices jumped by more than $1 per barrel in Asian trade to extend overnight gains on a tight global supply outlook. <\/p>\n<p>ONGC soared 5.5 percent, BPCL added 2.3 percent, HPCL rose 1.6 percent and IOC gained 1.5 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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, Nifty Rebound From Selloff<\/a><br \/>\n<br \/>2021-02-23 04:08:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a positive note Tuesday after steep losses in the previous session on concerns over rising Covid-19 cases and a surge in oil prices. The benchmark S&amp;P&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-7609","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7609","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=7609"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7610"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}