Sensex, Nifty track broader Asia higher on Ukraine hopes

BENGALURU: Domestic indices rose to their highest since mid-February on Wednesday, led by auto makers and as appetite for risky assets improved globally on signs of progress in Ukraine-Russia peace talks.
The NSE Nifty 50 index climbed 0.4% to 17,394.7, as of 0355 GMT, and the benchmark BSE sensex rose 0.43% to 58,190.82.
Most global equity markets reacted positively to Russia’s promises on Tuesday to scale down its military operations near Kyiv and surrounding cities, though on the ground, reports of attacks continued.
In Mumbai, the Nifty Auto index gained 1.2%, led by a 2.8% rise in Hero MotoCorp, while the Nifty Metal index slipped 1.8% as metal prices eased.
Oil and Natural Gas Corp slid 4.9% to a two-week low after the oil producer said India would sell an up to 1.5% stake in the company.

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