Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma

Sensex gyrates 1,227pts, ends 779pts down; Maruti dips 6%, Coal India up 9%

<b>CLOSING BELL</b><br />
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	Domestic equities languished in the red on Wednesday as the Russia-Ukraine conflict entered its 7th day today. Besides, soaring Brent crude prices (above $110 a barrel now) and feeble global cues also dented the market sentiment.&nbsp;</div>
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	The S&P BSE Sensex plummeted over 1,200 points intra-day but recouped some of the losses after reports suggested Russia was ready to resume talks with Ukraine tonight.</div>
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	The index ended 778 points, or 1.38 per cent, lower at 55,469 levels. The broader Nifty50, too, bounced back from its intra-day low of 16,479 to close at 16,606, down 188 points or 1.12 per cent.</div>
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	The benchmarks were bogged down by Maruti Suzuki, Dr Reddy&#39;s Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma. All these stocks were down between 3 per cent and 6 per cent.</div>
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	Metal and energy-related stocks, however, helped to trim losses with Coal India, Tata Steel, Hindalco, UPL, JSW Steel, Titan, and Reliance Industries closing up in the range of 1.7 per cent to 9 per cent.</div>
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	In the broader markets, the BSE MidCap and SmallCap indices ended 0.1 per cent lower each. Sectorally, the Nifty Metal index was the top gainer on the NSE today (up 4 per cent) while the Nifty Auto index slumped 3 per cent. The Nifty Bank, Financial Services, and Pharma indices dipped 2 per cent each.</div>
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	<strong>Buzzing stocks</strong></div>
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	Shares of <strong>HDFC Bank</strong> dipped 5 per cent to Rs 1,358 on the BSE in Wednesday&rsquo;s intra-day trade on the back of persistent selling pressure in financial shares. The stock of private sector lender hit its lowest level since April 2021 and was close to its 52-week low of Rs 1,353.10 touched on April 12, 2021. <a href="https://www.business-standard.com/article/markets/hdfc-bank-dips-5-nears-52-week-low-stock-down-10-in-one-week-122030200662_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Shares of <strong>Nuvoco Vistas Corporation</strong> moved higher by 12 per cent to Rs 387 on the National Stock Exchange (NSE) in Wednesday&#39;s intra-day trade, extending their rally into third straight day. Since last Thursday, the stock has rallied 30 per cent after one of the promoters bought over 50,000 shares of the company via open market. <a href="https://www.business-standard.com/article/markets/nuvoco-vistas-surges-30-in-3-days-after-promoter-increases-stake-122030200561_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Shares of state-owned oil exploration & production companies &ndash; <strong>Oil Natural Gas Corporation (ONGC) and Oil India</strong> &ndash; rallied up to 10 per cent on the BSE in Wednesday&rsquo;s intra-day trade as oil prices surged to their highest levels since 2014. <strong><a href="https://www.business-standard.com/article/markets/ongc-oil-india-surge-5-gain-up-to-41-in-6-months-on-high-oil-prices-122030200250_1.html" target="_blank">READ MORE</a></strong><br />
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		<strong>Global markets</strong></div>
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		European stocks were uncertain on Wednesday as the geopolitical crisis between Russia and Ukraine continues. The pan-European Stoxx 600 hovered around the flatline by mid-morning after dropping 0.9 per cent at the open.</div>
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		On Wall Street, futures linked to all three main indices were up around 0.6 per cent each.</div>
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		Earlier in Asia, Japan&#39;s Nikkei ended 1.7 per cent down, South Korea&#39;s Kospi gained 0.16 per cent, and Australia&#39;s ASX200 added 0.28 per cent. China&#39;s Shanghai Composite and Hong Kong&#39;s hang Seng slipped 0.13 per cent and 1.8 per cent, respectively.</div>
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Business Standard

Sensex gyrates 1,227pts, ends 779pts down; Maruti dips 6%, Coal India up 9% | News on Markets - Business Standard

BSE SmallCap flat in a highly weak market: Aegis Logistics, Godawari Power top performers

Steel stocks log solid gains, led by Tata Steel up 5.5%

Others like JSW Steel, Jindal Steel and SAIL too were up 2.5-5 per cent each. <a href="https://www.business-standard.com/stocks/market-statistics/bse/sector-by-sector?sector-id=Steel" target="_blank"><strong>VIEW MORE</strong></a><br />
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	<img align="" alt="steel" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/30/full/1630340994-2362.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="steel" width="620" /></div>
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Oil prices continue to sting; Brent Crude now above $112 a barrel-mark

Visa, Mastercard block Russian financial institutions named for sanctions

US payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow&#39;s invasion of Ukraine. <a href="https://www.business-standard.com/article/international/visa-mastercard-block-russian-financial-institutions-named-for-sanctions-122030200486_1.html?1646204734" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Mastercard" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-12/06/full/1607223506-2559.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Mastercard" width="620" /></div>

Russian military occupies Ukraine's Kherson: Report

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		BREAKING: Russia&#39;s military says it has taken Kherson</p>
	&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1498918432246747137?ref_src=twsrc%5Etfw">March 2, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Oil on boil : Brent Crude tops $111 a barrel-mark

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="181" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/02/full/1646206234-7041.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="321" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:321px;">
		source: oilprice.com</div>
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Amul price hike: What does this mean for dairy-related stocks?

Shares of dairy products were trading with substantial gains in trades on Wednesday after India&rsquo;s largest producer of dairy products, Gujarat Cooperative Milk Marketing Federation, owner of Amul brand, announced a hike in milk price by Rs 2 per litre. Here&#39;s a technical outlook on these shares: <a href="https://www.business-standard.com/article/markets/amul-price-hike-what-does-this-mean-for-other-dairy-stocks-122030200414_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Amul" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/29/full/1622277315-2918.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Amul" width="620" /></div>
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Dr.Reddy's, HDFC hit new 52-week lows in trade so far

Adani Transmission, Fine Organic Industries, Hindalco and Vedanta among 59 stocks to hit a new 52-week high on the BSE so far. Dr.Reddy&#39;s, HDFC, HDFC Life and HDIL among 26 shares to register a fresh 52-week lows.<br />
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	<img align="" alt="Markets, bulls, bears, stocks" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-bulls-bears-stocks-1621493469-90682620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Markets, bulls, bears, stocks" width="620" /></div>
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Asian indices trade with deep cuts; Kospi outperforms, up 0.16%

Tata Metaliks, KIOCL, Coal India among BSE 500 outliers

Russian Sberbank quits European market post Western sanctions

<blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/UPDATE?src=hash&amp;ref_src=twsrc%5Etfw">#UPDATE</a> Russia&#39;s largest lender Sberbank is quitting the European market after coming under pressure from Western sanctions levelled against the state bank in response to Moscow&#39;s invasion of Ukraine.<br><br>The bank says its European subsidiaries are facing &quot;abnormal cash outflows&quot; <a href="https://t.co/i84S9vL7bH">pic.twitter.com/i84S9vL7bH</a></p>&mdash; AFP News Agency (@AFP) <a href="https://twitter.com/AFP/status/1498905851352195073?ref_src=twsrc%5Etfw">March 2, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Tata Steel, Titan, M&M shine in a weak market

Tata Steel up 5.5 per cent followed by Titan, M&amp;M were the top gainers among the Sensex 30 shares. The BSE index was down over 800 points, dragged by private banking majors, Maruti and Asian Paints.<br />
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	<img align="left" alt="Sensex 30 stocks" class="imgCont" height="437" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/02/full/1646202006-0275.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Sensex 30 stocks" width="620" /></div>

Moscow Exchange to remain shut on Wednesday; 3-days in a row

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		Moscow Exchange won&#39;t resume stock trading on Wednesday - cenbank <a href="https://t.co/QWjWq48dnd">https://t.co/QWjWq48dnd</a> <a href="https://t.co/RMO7Zu9WZk">pic.twitter.com/RMO7Zu9WZk</a></p>
	&mdash; Reuters (@Reuters) <a href="https://twitter.com/Reuters/status/1498901076875087875?ref_src=twsrc%5Etfw">March 2, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

BSE MidCap bucks trend, up 0.11% led by gains in Oil, Jindal Steel, Varun Beverages

Mild gains in US equity futures; Dow futures climb over 100 points

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