Equity benchmark Sensex recovered its early losses to
close higher by 231 points Monday on the back of buying in index heavyweights
Reliance Industries and ICICI Bank amid positive global markets.

The 30-share benchmark jumped 231.29 points or 0.40% to
close at 57,593.49. During the day, it slipped 537.11 points to a low of
56,825.09. Similarly, the broader NSE Nifty recovered 69 points or 0.40% to
settle at 17,222 with 29 of its constituents ending in the green. As many as 20
Sensex constituents ended with gains while 10 closed in the red.

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Top gainers from the Sensex pack were Bharti Airtel up by
3.40%, Axis Bank up by 2.13%, ICICI Bank up by 1.59%, ITC up by 1.54%, SBI up
by 1.44%, Indusind Bank up by 1.33%, Power Grid up by 1.19%, Bajaj Finserv up
by 1.09%, Hindustan Unilever up by 1.01% and Reliance Industries up by 0.96%.

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Among the laggards were Nestle India down by 1.83%, HDFC
down by 1.58%, HCL Technologies down by 1.41%, Dr Reddy’s down by 1.40%, Asian
Paints down by 0.64%, Wipro down by 0.59%, Larsen & Toubro down by 0.55%
and Tech Mahindra up by 0.51%.

The rupee rallied 8 paise to 76.16 against the US dollar,
following a positive domestic market and a fall in global crude oil prices.

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On Friday, the 30-share BSE benchmark slipped 233.48
points or 0.41% to settle at 57,362.20. The Nifty had declined 69.75 points or
0.40% to 17,153.

Asian market bourses in Tokyo and Seoul closed lower,
while Hong Kong and Shanghai ended higher. US stock exchanges also closed on a
mixed note on Friday.

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With investors considering the developments of the
conflict between Russia and Ukraine, European markets were trading with gains.

Meanwhile, international oil benchmark Brent crude
declined 3.46% to USD 116.3 per barrel.

According to the stock exchange data, foreign
institutional investors (FIIs) were net sellers in the capital market as they
offloaded shares worth Rs 1,507.37 crore on Friday.