Indian equities

Global trends surrounding the evolving Russia-Ukraine crisis as well as key domestic macro-economic data points will set the course for the Indian equity market's trajectory in the coming week. Besides, investors will watch out for fluctuations in crude oil prices and currency movements. These global trends are also expected to influence the direction of FIIs' funds which will, in turn, have an overall bearing on the market sentiment.

India's key indices -- S&P BSE Sensex and NSE Nifty50 -- recovered considerably on Friday morning due to value buying. Even as the equity markets are expected to be volatile in the next few days, there is nothing to worry for long-term investors, said Ravi Singhal, Vice-Chairman, GCL Securities. Thursday's sharp fall was triggered after Russia announced a military operation in Ukraine.

The Indian rupee became a casualty of the ongoing Russia-Ukraine hostilities as it weakened by over 1 per cent on Thursday. The rupee weakened by 1.3 per cent to Rs 75.65 per USD from its Wednesday's close of Rs 74.55. Global equity indices and currencies also slid after Russia decalred military operation in Ukraine.

The Indian equity segment has been witnessing a consistent sell-off by the FIIs recently.As per reports, FIIs sold over $7 billion worth of equities so far in 2022, and over $11 billion since October 2021. Further, FIIs reduced 4.1 per cent stake in Mahanagar Gas, 3.9 per cent in Axis Bank, and 3.8 per cent in Indusind Bank, exchange data revealed.

India's key indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses from Monday and declined sharply in early trade on Tuesday due to continued selling by foreign institutional investors amid geo-strategic tensions between Ukraine and Russia, said analysts. At 10.04 a.m., Sensex traded at 56,786 points, down 1.6 per cent or 897 points, whereas Nifty traded 16,945 points, down 1.5 per cent or 262 points.

After declining in early trade, key indices -- S&P BSE Sensex and NSE Nifty50 -- rose in the afternoon on Friday primarily due to value buying, said analysts. Geo-strategic tensions between Ukraine and Russia had weighed on the indices in the recent sessions, which led to heavy sell-off by foreign institutional investors.

India's key indices -- S&P BSE Sensex and NSE Nifty50 -- declined marginally in early trade on Friday. At 09.54 a.m., Sensex traded at 57,709 points, down 0.3 per cent or 183 points, whereas Nifty traded 17,259 points, down 0.3 per cent or 46 points.

On Friday, Sensex settled at 58,153 points, down 1.3 per cent or 773 points, whereas Nifty settled at 17,375 points, down 1.3 per cent or 231 points. All the Nifty sectoral indices declined sharply on Friday, with Nifty IT, PSU Bank, and realty declining the most, exchange data showed.

At 10.25 a.m., Sensex traded at 58,669 points, up 0.4 per cent or 203 points from the previous close, Nifty traded at 17,533 points, up 0.4 per cent or 70 points from the previous close.

Sensex settled at 58,466 points, up 1.1 per cent or 657 points from the previous close. Nifty settled at 17,464 points, up 1.1 per cent or 197 points from its previous close. Barring Nifty PSU bank and oil & gas, all sectoral indices traded in the green on Wednesday.