Indian shares rise after five-day loss streak
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BENGALURU - Indian shares rose on Wednesday after a five-day run of losses, with investors closely watching developments on the Russia-Ukraine crisis.
The blue-chip NSE Nifty 50 index rose 0.46% to 17,170.40 by 0350 GMT, while the S&P BSE Sensex was up 0.44% at 57,551.03, with most major Nifty subindexes gaining.
In Mumbai, the Nifty Realty index and Nifty public sector bank index were the top gainers, climbing more than 1% each.
In the broader Asian market, stocks steadied and demand for safe-havens waned a little, as investors weighed Russian troop movements near Ukraine and initial Western sanctions. [MKTS/GLOB]
Oil prices also took a breather after surging to seven-year highs, as it became clear the first wave of U.S. and European sanctions on Russia would not disrupt oil supply. [O/R]
Western nations on Tuesday punished Russia with new sanctions for ordering troops into two separatist regions of eastern Ukraine, and threatened to go further if Moscow launched an all-out invasion of its neighbour.
