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Markets rebounded today amid value buying at lower levels by foreign institional investors, after media reports which said that Russian President Vladimir Putin ordered his troops back to base raised hopes of a peaceful solution to the recent geopolitical tensions in Ukraine.
Market volatility also subsided on hopes that the escalating tensions in Ukraine have started to recede. India VIX, a measure of traders' perception of near-term market risks, which had surged 7.8% yesterday ended down 5.6% at 14.43.
The 30-share Sensex ended up 271 points at 21,218 and the 50-share Nifty ended up 77 points at 6,298.
