The banking, as well as IT indices, witnessed buying demand and appreciated by over 522 points & 587 points, respectively. On the other hand, auto, oil & gas, realty, and metal indices saw selling pressure. 

The auto stocks logged profit booking and settled in the red at the end of the day. The Nifty Pharma index closed up 2.46 per cent at 13,399 today. The rupee has depreciated and is currently trading at 76.56 against the US dollar. The crude oil price has increased by 2 per cent almost and is trading at USD 108.80.  

The benchmark indices retreated from early losses and trading in the positive. Metals and pharma stocks were in demand.

In line with the Asian markets and taking cues from SGX Nifty, the domestic equity market opened lower after inflation in the US zoomed to nearly 8 per cent, the fastest in four decades.

Domestic benchmark indices end on a bullish note on Thursday led by broader positive markets.

Indian benchmark markets continued their upward momentum on Thursday and made a significant recovery following positive global markets as the crude oil prices fell more than 12 per cent. 

The Indian benchmarks Sensex and Nifty 50 rallied as all sectoral indices traded in the upward direction except metals. The volatility in domestic equities will continue as the surge in crude oil prices is seen after the US banned Russian oil imports. The FII outflow of Rs 8142.60 crore was seen and the domestic investor inflow of Rs 6489.59 crore was seen yesterday. 

The Indian indices saw a good return at the start of the trading session on Wednesday. The Nifty index moved above 16,100 levels. In the global developments, US President Joe Biden said they will ban Russian oil imports also, the United Kingdom announced that they are going to phase out their dependence on Russian oil by the end of 2022. 

Bonus shares are the shares issued to existing shareholders at no extra cost. The company does this to reduce the share price in proportion to the bonus shares issued or increase liquidity in the same.

Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices.

The Indian benchmark indices tripped into the red terrain in mid-morning trade. The metal, auto, and bank sectors were underweighted. The rising crude oil prices amid continuing Russia-Ukraine crisis continued to keep the investors on the edge. The FII outflow of Rs 7,482.08 crore was seen and domestic investor inflow of Rs 5331.03 crore was seen on Monday. Also, the United States is considering acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies.