Nifty recovered from Mondays losses . First time since since January 24 Nifty hit 6300 today.NSE Nifty rose 76.50 points or 1.23 percent to 6,297.95. European markets gained 1 percent after media reports in afternoon suggested that Russian president Vladimir Putin has ordered troops sent last week to return to their bases. It is an indication that Ukraine crisis may ease soon.
Ukraine crisis was making an upward pressure on oil and gas prices since many pipelines travel through the Ukraine. So, now that the conflict has de-escalated and there is less chance of a war, we see commodity prices softening and equity prices rallying
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