Top 10 Most-Valued Firms Lose Over Rs 24,000 Crore In Market Cap, Led By Reliance Industries, SBI

The Indian equity benchmarks gave up most gains in the last leg of the trade as risk–off sentiment rose after Ukraine carried out strikes deep inside Russia with western non–nuclear missiles. The risk sentiment was affected by concerns that Ukraine's strike with western weapons may lead to a nuclear response by Russia, the Guardian reported, citing Tass.

Despite giving up gains, the NSE Nifty 50 snapped a seven-day losing streak. While the BSE Sensex reversed a four-day loss. The Nifty 50 ended 64.70 points, or 0.28%, higher at 23,518.50. The Sensex ended up 239.38 points, or 0.31%, at 77,578.38.

Indian financial markets are closed on Wednesday for the Maharashtra State Assembly Election.

Earlier in the day, the Nifty 50 rose 1.39% to 23,780.65, and the Sensex rose 1.44% to 78,451.65. Both the indices posted their biggest intraday gains since Sept. 20.

Broad-based gains across emerging asset classes following a decline in US Treasury yields and the dollar index also supported the upward trajectory of Indian benchmarks.

The NSE India Volatility Index plunged 16.05% to 12.73, the lowest level since Oct. 24. It ended 3.23% higher at 15.66.