On Wednesday, the bulls took the charge in the domestic equity markets as benchmark indices ended higher for the second consecutive day with Nifty closing above 16,300. 

On Tuesday, investors globally remained cautious and on a backfoot tracking news flow on the war of Russia-Ukraine. Indian equity benchmarks Sensex and Nifty played between gains and losses in a rough session as gains in IT and pharma stocks were countervailed by losses in financial, auto and metal shares.

Global indices are experiencing a sharp sell-off as reports of the Russian attack on Europe’s biggest nuclear plant in Ukraine kept tension levels on the higher side.

The core equity indices ended in red with Nifty below 16500 in the highly volatile market on Thursday dragged by the auto and financial names. Sensex dropped 0.66 per cent closing at 55,102.68 level and Nifty closed 0.65 per cent lower at the 16,498 level.

Throughout Wednesday's trading session, domestic equities traded in the red as the conflict between Russia-Ukraine continued. Also, rising Brent crude prices coupled with weak global cues lowered the market sentiment. Sensex lost over 1,200 points intra-day but recovered some of the losses towards the end of the session.

On Monday, domestic benchmark indices settled in green for the second consecutive day and buying was seen in the metal, oil & gas, power and IT stocks.

After witnessing heaving selling on Thursday, the domestic benchmark indices cheerfully recouped almost half of the previous day's losses on Friday. The important factor which drove the short covering in the domestic and global markets on Friday i.e. February 25 is the relief that the economic sanctions announced by the US and others have so far not included any exile of the Russian economy from the global SWIFT payment system.

The equity markets were attacked by the bears on Thursday with Sensex crashing 2,702.15 points and Nifty tumbling 815.30 points. 

On Wednesday, the domestic benchmark indices traded on a positive note but ended lower after the five-day losing streak in hopes the sanction by the West may not hit Russian oil supplies. 

After hitting a record high on January 17, 2022, during the last one month, domestic equities have dropped sharply by about 6 per cent followed by some recovery but remained rangebound and depicted volatility.