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March 31, 2022 / 07:53 AM IST

Indian equities rise to highest in more than a month on Ukraine peace hopes

India’s stock indices rose to their highest levels since the middle of February, mirroring increases in other Asian markets, as there were renewed hopes of peace talks between Russia and Ukraine. The benchmark Sensex rose 740. 34 points, or 1.28 percent, to 58,683.99 and the 5-share Nifty rose 1 percent to 17,498.25 points.

Why it’s important: Indian indices have rising around 11 percent from the March lows. The cooling of tensions between Russia and Ukraine is vital for the renewed strength in the market. But Russia has said there’s no breakthrough in peace talk. More volatility is therefore expected.

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