Air India plane lands in Bucharest to evacuate Indians stranded in Ukraine
New Delhi(PTI): An Air India plane from Mumbai landed in the Romanian capital Bucharest on Saturday morning to evacuate Indians stranded in Ukraine due to the Russian military offensive.
The aircraft, AI1943, took off from the Mumbai airport around 3.40 AM (Indian Standard Time) and landed at the Bucharest airport around 10.45 AM (Indian Standard Time), senior government officials said.
Indian nationals, who reached the Ukraine-Romania border by road, have been taken to Bucharest by the Indian government officials so that they can be evacuated in the Air India flight, they noted.
AI1943, which is being operated on Boeing 787 aircraft, can carry 256 passengers at a time, they said.
Air India will operate more flights on Saturday to Bucharest and Hungarian capital Budapest to evacuate Indians stranded in Ukraine.
The Ukrainian airspace has been closed for civil aircraft operations since the morning of February 24 and therefore, the evacuation flights are operating out of Bucharest and Budapest.
Around 20,000 Indians, mainly students, are currently stranded in Ukraine, the officials said.
Before the closure of the Ukrainian airspace, Air India had operated a flight to Ukraine's capital Kyiv on February 22 that brought 240 people back to India.
It had planned to operate two more flights on February 24 and February 26 but it could not do so as the Russian offensive began on February 24 and the Ukrainian airspace was consequently shut down.
Air India said on Twitter on Friday night that it will be operating flights on B787 aircraft from Delhi and Mumbai to Bucharest and Budapest on Saturday as special government charter flights to fly back stranded Indian citizens.
The Indian embassy in Ukraine on Friday said it is working to establish evacuation routes from Romania and Hungary.
"At present, teams are getting in place at the following check points: Chop-Zahony Hungarian border near Uzhhorod, Porubne-Siret Romanian border near Chernivtsi," it said.
Indian nationals, especially students, living closest to these border checkpoints are advised to depart in an organised manner in coordination with teams from the Ministry of External Affairs to actualise this option, the embassy said.
Once the above-mentioned routes are operational, the Indian nationals travelling on their own would be advised to proceed to the border checkpoints, it noted.
The embassy advised Indian travellers to carry their passports, cash (preferably in US dollars), other essential items and COVID-19 vaccination certificates to the border checkpoints.
"Print out Indian flag and paste prominently on vehicles and buses while travelling," it said.
The distance between Kyiv and the Romanian border checkpoint is approximately 600 kilometres and it takes anywhere between eight-and-a-half hours to 11 hours to cover it by road.
Bucharest is located approximately 500 kilometres from the Romanian border checkpoint and it takes anywhere between seven to nine hours by road.
The distance between Kyiv and the Hungarian border checkpoint is around 820 kilometres and it takes 12-13 hours to cover it by road.
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Stock markets end lower on profit taking in IT shares; Bharti Airtel declines nearly 3 pc
Mumbai, May 16 (PTI): Benchmark stock indices Sensex and Nifty ended lower on Friday due to profit-taking in IT shares and Bharti Airtel after a sharp rally in the previous session.
The 30-share BSE Sensex declined 200.15 points or 0.24 per cent to settle at 82,330.59. During the day, it lost 383.79 points or 0.46 per cent to 82,146.95.
The NSE Nifty dropped 42.30 points or 0.17 per cent to 25,019.80.
Bharti Airtel dropped by 2.81 per cent after Singtel sold about 1.2 per cent of its direct stake in the firm for around USD 1.5 billion in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns sustainably.
HCL Tech, State Bank of India, Infosys, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Larsen & Toubro, Mahindra & Mahindra and Titan were also among the losers in the Sensex pack.
Eternal, Hindustan Unilever, Asian Paints, ITC, Tata Motors and NTPC were among the gainers.
"Markets languished in negative territory throughout the trading session and ended weak due to selective profit-taking in IT, banking and metal shares.
"However, broader indices like mid and smallcap indices coupled with most sectoral stocks ending in positive territory shows that investors are cautiously optimistic on equities, despite global uncertainties," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The BSE smallcap gauge jumped 1.18 per cent and midcap index climbed 0.85 per cent.
Among sectoral indices, industrials surged the most by 1.80 per cent, followed by realty (1.72 per cent), capital goods (1.63 per cent), utilities (1.44 per cent), power (1.37 per cent) and consumer discretionary (0.87 per cent).
IT, teck, BSE Focused IT, metal and bankex were the laggards.
On the weekly front, the BSE benchmark gauge jumped 2,876.12 points or 3.61 per cent, and the Nifty surged 1,011.8 points or 4.21 per cent.
"Markets traded lacklustre after Thursday’s surge and ended marginally lower, in the absence of any fresh triggers. The tone remained subdued from the outset, with consolidation in heavyweight stocks across sectors capping the move throughout the session," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
Vinod Nair, Head of Research, Geojit Investments Ltd stated that investor sentiment remained upbeat, with sustained momentum in mid- and small-cap stocks, as well as rate-sensitive sectors such as real estate, NBFCs, automobiles, and consumer durables.
In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower while South Korea's Kospi ended in the positive territory.
European markets were trading with gains. US markets ended mostly higher on Thursday.
Global oil benchmark Brent crude went up 0.09 per cent to USD 64.59 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 5,392.94 crore on Thursday, according to exchange data.
Sensex jumped 1,200.18 points or 1.48 per cent to settle at a seven-month high of 82,530.74 on Thursday. The Nifty surged 395.20 points or 1.60 per cent to reach a seven-month peak of 25,062.10.
