Business

Russia is the world's biggest exporter of oil and petroleum products. The invasion of Ukraine by Russia and the steep rise in gas prices are responsible for most of the record increase in US inflation last month."

Amidst sweeping international sanctions on Russia for invading Ukraine, India is planning to boost shipments to Russia by an additional $2 billion as the two nations work out a payment system in local currencies to continue bilateral trade.

The S&P BSE Sensex rose 427.45 points (0.73 per cent) to touch 59,003.82 while the Nifty 50 rose 133.35 points (0.76 per cent) to 17,663.65 during early trade.

The NSE Nifty 50 index was down 0.78 per cent or 138.25 points at 17,536.70, while the S&P BSE Sensex fell 0.67 per cent or 397.37 points to 58,567.20.

Insight Bureau:  The 30-share BSE Sensex tumbled 483 points or 0.81 per cent to close at 58,965, while the broader NSE Nifty moved 109 points or 0.62 per cent lower to settle at 17,675.

The 30-share BSE Sensex climbed 224 points or 0.38 per cent to 59,223 in early trade, while the broader NSE Nifty moved 43 points or 0.24 per cent up to 17,740.

White House Press Secy drew attention to the fact that Russian Oil accounts for only 1-2% of Indian imports. However, about 10% of the Indian imports are from the USA.

Not only hike in transportation cost or petroleum cost but also vegetable prices have upsurged in India.

BSE Sensex rose 262.51 points to 59,297.46 while the NSE Nifty 50 index was up 84 points to open at 17,723.60 in an early trade on Friday.

The 30-share BSE Sensex slipped 337 points or 0.57 per cent to 59,273 in early trade, while the broader NSE Nifty moved 82 points or 0.46 per cent down to 17,726 on Thursday.