INDIAN EQUITY BENCHMARK rebounded with financials
leading the gains after Russian President Vladimir Putin
ordered his troops back to base raised hopes of a peaceful
solution to the recent geopolitical tensions in Ukraine.
Further, Jubilant Life Sciences ended up 3% at Rs 141 after
Jubilant First Trust Healthcare, a wholly owned subsidiary of
the company sells its hospital business to Narayana Health.
Bharti Airtel rose 0.44% after the company said its unit in
Kenya has sought an approval from the industry regulator to
acquire the telecommunications licenses and subscribers of
Essar Telecom Kenya.
GLOBAL FACE
Asian stock markets were mixed as events in the Ukraine
weighed on sentiment as oil prices remained elevated and
concerns over supplies spooked investors.
European stocks were sharply higher, as concerns over tensions
between Russia and Ukraine slightly began to subside and as the
release of Spanish employment data also supported European
equities.
U.S. stocks markets dropped as investors ditched risk-on asset
classes such as equities and flocked to safe-harbor dollar and
yen positions despite better-than-expected U.S. factory and
personal spending data.
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