Sensex hits highest level since Feb 10 on hopes of Russia-Ukraine truce

The country’s benchmark indices surged over 1% on Wednesday as investor sentiment was lifted on the optimism around progress in talks between Russia and Ukraine. 

The Sensex rose 740 points, or 1.3 per cent, to end the day at 58,684, the highest since February 10. It was also the highest single-day gain for the index in two weeks. Meanwhile, the Nifty 50 ended the session at 17,498, a gain of 173 points, or 1 per cent. 

On Wednesday, both foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) were net buyers. The former purchased shares worth Rs 1,216, while the latter pumped