Indian shares rise over 2%, track overnight gains on Wall Street
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BENGALURU - Indian shares tracked overnight gains on Wall Street on Friday, climbing more than 2% after their biggest fall in over a year in the previous session after Russian forces invaded Ukraine.
The blue-chip NSE Nifty 50 index was up 2.05% at 16,580.95 by 0351 GMT, with most of its major sub-indexes trading higher. The S&P BSE Sensex was up 2.03% at 55,638.96.
Both the indexes, however, were set to post their third straight weekly loss.
The Nifty public sector banking index and the Nifty Realty index were the top gainers, climbing more than 4% each.
Apollo Hospitals Enterprise Ltd rose more than 3% in early trade after the National Stock Exchange said https://bit.ly/351mXyz the company would be added in the Nifty 50 index from March 31, replacing Indian Oil Corporation Ltd.
Broader Asian markets also tracked overnight gains in U.S. stocks, in a market reversal after President Joe Biden unveiled harsh new sanctions against Russia. [MKTS/GLOB]
(Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)
