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"The correction in these PSU stocks makes them a bit more fragile over the very near term but I believe we are now at a position where it is more important to have more sustainability of your portfolios rather than a more return-oriented kind of portfolio because of the kind of news flow and volatility," said independent market analyst Kunal Bothra.

"I would still say that the Fed and inflation factors will weigh more on the market than the Ukraine factor"

"We estimate that the petrol consumer price index would go up by anywhere around 10% month-on-month. This could be staggered, so it is not like they are going to just wake up and raise prices in one shot. You will have these daily increases of 20-30 paise possibly but also it could be sort of staggered over the course of a couple of months."

Billionaire investor Chamath Palihapitiya says successful investing is all about behavior and psychology and even the best model or analysis in the world is of no use if investors press the panic button during tough times.

The NFT boom, which some estimate to have generated more than $25 billion in sales last year, has also raised questions of an eventual NFT bust as Bitcoin and other cryptocurrencies see their values drop.

The Supreme Court on Friday asked the Centre to make its stand clear on whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not.

The 30-share pack Sensex rallied 1,328.61 points or 2.44 per cent to 55,858.52. Its broader peer, Nifty50, surged 410.45 points or 2.53 per cent to 16,658.40.

She said human welfare needs a conducive environment without any disruptions or disturbances to make the post-pandemic economic recovery sustainable.

Resolution professional Saurabh Kumar Tikmani, backed by KPMG, received 11 expressions of interest in all. Twin Star Tech, an investment vehicle of Vedanta promoter Anil Agarwal and iLab India Special Situation Fund submitted an EoI each, people said.

Crude traded between $98 and $102 per barrel in international markets during the day.