After a gap-up beginning, energised bulls have hit new highs in the afternoon session, and markets haven’t looked back since. Benchmark equity indices, Sensex and Nifty are now trading over 58,500 and 17,450 levels, respectively, as part of the global jubilation. Investors praised Russia’s pledge to reduce violence around Kyiv and a second major city during peace talks that Ukraine’s leader described as ‘positive,’ raising expectations for a truce in the month-long Russia-Ukraine conflict.

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On the global front, Asian markets were trading mostly higher with Taiwan Weighted strengthened 191.90 points or 1.09% to 17,740.56, KOSPI rose 5.67 points or 0.21% to 2,746.74, Hang Seng increased 350.74 points or 1.6% to 22,278.37, Shanghai Composite gained 60.80 points or 1.9% to 3,264.74, Jakarta Composite soared 24.72 points or 0.35% to 7,036.41 and Straits Times was up by 2.87 points or 0.08% to 3,436.77.  On the other hand, Nikkei 225 was down by 225.17 points or 0.8% to 28,027.25.

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The Sensex is now trading at 58,548.63, up 604.98 points or 1.04% after ranging between 58,176.00 and 58,656.27. On the index, there were 25 stocks that advanced and 5 stocks that declined.

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The broader indices were trading in green with the BSE Midcap index rising 0.69%, while the Small cap index was up by 1.32%. The top gaining sectoral indices on the BSE were Realty up by 1.49%, Auto up by 1.21%, Consumer Discretionary up by 1.20%, Industrials up by 1.13%, Bankex was up by 1.10%, while Metal down by 2.22%, Basic Materials down by 0.39%, Oil & Gas down by 0.17%, Healthcare down by 0.13% and PSU was down by 0.01% were the top losing indices on BSE.

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The top gainers on the Sensex were Bajaj Finserv up by 3.27%, Bajaj Finance up by 2.58%, Maruti Suzuki up by 2.05%, Axis Bank up by 1.95% and Reliance Industries was up by 1.93%. On the flip side, Tata Steel is down by 1.94%, Tech Mahindra down by 1.72%, ITC down by 1.32%, Sun Pharma down by 0.89% and NTPC was down by 0.22% were the top losers.

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The Nifty is presently trading at 17,480.30, up 155.00 points or 0.89% from a low of 17,387.20 and a high of 17,513.90. On the index, there were 38 stocks that advanced and 12 stocks that declined.

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The top gainers on Nifty were Tata Consumer Products up by 3.24%, Bajaj Finserv up by 3.20%, Hero MotoCorp up by 2.75%, HDFC Life Insurance up by 2.74% and Bajaj Finance was up by 2.48%. On the flip side, ONGC is down by 4.50%, Hindalco is down by 4.30%, JSW Steel is down by 2.56%, Tata Steel is down by 1.99% and Tech Mahindra was down by 1.80% were the top losers.