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By Malvika Gurung
Investing.com — After freely falling for five consecutive sessions, domestic shares made a rebound on Wednesday, opening in green, while closely tracking developments on the Russia-Ukraine front.
Indian benchmark indices and opened almost 0.5% higher on Wednesday, trading 0.25% in the green at 10:47 am. Meanwhile, fear barometer eased 4.7% to 25.45.
Domestic gauges pushed higher and stocks gained after the US President Joe Biden on Tuesday, announced the first wave of sanctions against Russia, clarifying that they were targeted at Russia’s banks and sovereign debt, and not on Russia’s oil supplies.
Britain, Japan and Germany also imposed sanctions on Russia for recognising two separatist regions of eastern Ukraine and sending military troops there on Monday.
Global markets took a breather after Biden’s statement, as Asian markets traded mixed, recouping earlier losses. At the time of writing, was trading 0.43% higher.
All sectoral indices on the Nifty basket were trading in green, by gains led by Nifty Realty, up 2.4%. was trading 0.42% higher.
A majority of stocks on Nifty 50 were trading in green, led by Kotak Mahindra Bank (NS:), Titan (NS:), Maruti Suzuki (NS:), Asian Paints (NS:) and Adani Ports (NS:), up 1.3-3%.
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