Bears have been reigning on the Indian stock market for the past few sessions, similar to downward trends from peers across the world. Investors turned cautious due to tensions flaring up at the Russia-Ukraine border. Concerns over a rate hike and aggressive policy stance by the U.S. Federal Reserve have also hampered investor sentiments.
Both BSE Sensex and Nifty 50 opened the week on a weak note, but managed to shake the losses in early trade. BSE Sensex opened at 57,551.65, against the previous close of 57,832.97. By noon, the benchmark index was at 57,946.16, up 113.19 points or 0.20%. Nifty 50 also picked up after opening at 17,192.25, compared to the previous close of 17,276.30. Around mid-day, it was trading at 17,293.95, up 17.65 points or 0.10%.