Bulls charge: Sensex soars over 1,200 points; 3 factors fueling the rally

Markets gained ground on Wednesday as the Sensex surged over 1,200 points in intra-day trade to reclaim 54,600 levels. On the other hand, the Nifty 50 clawed back to 16,400 levels led by media, realty, and auto stocks. 

The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership, the main reason behind the war.

“With humanitarian causes opening up, markets are recovering losses on hopes of resolution in the Russia-Ukraine conflict, said” Gaurang Shah, senior vice-president at Geojit Financial Services.

Here’s what fueling