Indian markets gained ground today(9 March 2022) as the Sensex surged over 1,200 points in intra-day trade to reclaim 54,600 levels. Also, the Nifty 50 clawed back to 16,400 levels led by media, realty, and auto stocks.
The surge comes in hopes of de-escalation of the Russia-Ukraine conflict after Ukrainian President Zelenskyy indicated that the country was no longer interested in NATO membership, the main reason behind the war.
“With humanitarian causes opening up, markets are recovering losses on hopes of a resolution in the Russia-Ukraine conflict, said an expert.
Ukraine President Volodymyr Zelenskyy has said he has "cooled down regarding the question of a NATO membership for his country", which was a key reason why Russia went to war with Russia, media reports suggested.
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