Russia-Ukraine conflict: Markets jump as traders weigh sanctions' impact

Curbs on Russia seen as weaker than expected; Nifty rebounds 2.5%

Equity markets staged a sharp rebound on Friday as investors assessed the fallout of the Russian invasion of Ukraine and the impact of US sanctions against Russia. The new sanctions were seen as weaker than expected, helping boost sentiment. The retreat in crude oil and other commodity prices also helped soothe investors’ nerves.

The benchmark Sensex rose 1,328 points, or 2.4 per cent, to end the session at 55,858, while the Nifty50 index closed at 16,658 with a gain of 410 points, or 2.5 per cent. In the previous session, both indices had posted their biggest single-day fall in 20