Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr
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India's benchmark Nifty snapped its seven-day losing streak on Tuesday, with some relief buying visible after frontline indices plunged 10% since the 26,000-plus record highs reached toward the end of September. However, gains achieved through the first-half of the day were largely erased in the last hour of trading due to escalation of tensions between Ukraine and Russia, with analysts saying any build-up in the conflict could lead the markets lower. The NSE's Nifty rose 64.7 points, or 0.28%, to close at 23,518.5. BSE's Sensex rose 239.3 points or 0.31% to end at 77,578.3. ETMarkets.com The Nifty was up as much as 1.39% and Sensex had gained 1.43% earlier in the day. After Ukraine's air strike on Russia, the European markets opened lower on Tuesday."Nifty failed to sustain above the 200-day average (23,556) and the global geopolitical concerns of Russia-Ukraine also weighed," said Vikas Jain, head of research a...