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Closing Bell: Hindalco (up over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL, and Indian Oil Corporation were the biggest large-cap gainers on the bourses today

BSE, stock market, Sensex

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	<b>CLOSING BELL</b><br />
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		Key benchmark indices defied the weak global market trend and turned sharply higher on Monday as Russia and Ukraine began talks at Belarus border. Despite the ongoing conflict between the two countries, headline S&P BSE Sensex and the Nifty50 gained 0.7 per cent each supported by buying in metal, IT, Realty, and PSB stocks.&nbsp;</div>
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		The BSE 30-pack index had fallen over 1,000 points in the early morning deals, but recovered smartly to rise nearly 1,500 points from the day&#39;s low. It eventually settled the day at 56,247, up 389 points.</div>
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		On the NSE, the Nifty50 index had hit a low of 16,356 in morning deals, but closed the day at 16,794, up 135 points from Friday&#39;s close.<br />
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		<strong>ALSO READ |&nbsp;<a href="https://www.business-standard.com/article/markets/war-markets-sharp-recovery-post-a-steep-fall-history-does-suggest-so-122022800295_1.html" target="_blank">War & markets: Sharp recovery post a steep fall? History does suggest so</a></strong></div>
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		Hindalco (up over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL, and Indian Oil Corporation were the biggest large-cap gainers on the bourses today.</div>
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		Metal counters led from the front as sanctions against Russia raised possibility of supply disruptions of aluminium and gas, which will push up prices. Russia produces about 6 per cent of the world&#39;s aluminium and accounts for about 7 per cent of global nickel mine supplies. <a href="https://www.business-standard.com/article/markets/nifty-metal-index-surges-3-in-subdued-market-hindalco-at-record-high-122022800498_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		On the downside, losses in HDFC Life, Dr Reddy&#39;s Labs, Axis Bank, HDFc Bank, M&M, Eicher Motors, HDFC, Tata Motors, and Hero MotoCorp kept gains in check.<br />
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		<strong>ALSO READ |&nbsp;<a href="https://www.business-standard.com/article/international/russia-s-central-bank-raises-rate-to-help-ruble-amid-western-sanctions-122022800574_1.html?1646043190" target="_blank">Russia&#39;s Central Bank raises rate to help ruble amid Western sanctions</a></strong></div>
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		Meanwhile, in the broader market, the BSE MidCap and SmallCap indices added 0.8 per cent each.</div>
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		Among individual stocks, Natco Pharma, Jindal Steel, BEL, Crisil, SAIL, Future Enterprises, Vadilal Industries, UTI AMC, and Shankara Industries soared up to 17 per cent.</div>
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		On the sectoral front, apart from the Nifty Metal index, which closed nearly 5 per cent higher, the Nifty Oil and gas index (up 2.6 per cent), IT index (up 1 per cent), and the Nifty FMCG index (up 0.6 per cent) were the other star performers. On the flipside, the Nifty Auto and Bank indices were the worst hit, down 0.7 per cent each.<br />
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		<strong>ALSO READ |&nbsp;<a href="https://www.business-standard.com/article/international/oil-prices-soar-as-western-sanctions-and-pressures-on-russia-mount-122022800790_1.html?1646043283" target="_blank">Oil prices soar as Western sanctions and pressures on Russia mount</a></strong></div>
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		<strong>Global markets</strong></div>
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		European stocks were sharply lower on Monday as global markets track developments in the Russia-Ukraine crisis. The pan-European Stoxx 600 dropped 1.7 per cent in early trade, with banks plunging 5.7 per cent. Meanwhile, futures linked to the US main stock indices were down over 1 per cent each.</div>
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		Earlier in Asia, Japan&#39;s Nikkei closed 0.19 per cent higher, South Korea&#39;s Kospi added 0.8 per cent, while Hang Seng slipped 0.24 per cent.</div>
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Sensex ends 1,414 pts off low, gains 389 pts; Tata Steel rises 6%, RIL 3%

Business Standard

Sensex ends 1,414 pts off low, gains 389 pts; Tata Steel rises 6%, RIL 3% | News on Markets - Business Standard

BREAKING :: Beijing opposes unilateral sanctions against Russia

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: China&#39;s foreign ministry says Beijing opposes unilateral sanctions against Russia</p>&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1498200821980614658?ref_src=twsrc%5Etfw">February 28, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Energy stocks firmly up amid rising oil prices; Nifty Oil & Gas index up 2%

Feb Auto Sales Expectations :: Weak dispatches for 2Ws/Tractors

<em>Source: Nirmal Bang Instituitional Equities</em><br />
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Aviation stocks mixed as DGCA extends ban on international flights

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Ukrainian military says Russian troops have slowed down &quot;the pace of the offensive&quot;: AFP News Agency<a href="https://twitter.com/hashtag/RussiaUkraineConflict?src=hash&amp;ref_src=twsrc%5Etfw">#RussiaUkraineConflict</a></p>&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1498190709597544449?ref_src=twsrc%5Etfw">February 28, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

NEWS ALERT :: India will grow its fleet of 720 aircraft to 1,000-2,000 in 15 yrs, says Jyotiraditya Scindia

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I firmly believe that time has come in India to unleash the power of airline ecosystem. India in the next 10 to 15 years, will grow from its fleet of 720 aircraft to 1000-2000 aircraft. We are going to increase our airport capability: Civil Aviation Minister Jyotiraditya Scindia <a href="https://t.co/ukNoDCLmeL">pic.twitter.com/ukNoDCLmeL</a></p>&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1498195800966729728?ref_src=twsrc%5Etfw">February 28, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Nifty Metal index surges 3% in subdued market; Hindalco hits record high

Shares of metal companies rallied up to 6 per cent on the National Stock Exchange (NSE) in Monday&#39;s trade, in an otherwise subdued market, with the Nifty Metal index surging over 3 per cent as sanctions against Russia raised possibility of supply disruptions. This, in effect, will psuh up prices. <a href="https://www.business-standard.com/article/markets/nifty-metal-index-surges-3-in-subdued-market-hindalco-at-record-high-122022800498_1.html?1646030648" target="_blank"><strong>READ MORE HERE</strong></a><br />
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Sensex heatmap: 14 out of 30 index constituents turn green

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Bulls takeover D-street: Sensex steamy above 56,000 levels

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	Bank of Russia raises key rates to 20% from 9.5% amid growing sanctions<br />
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	Says, rate hikes necessary to make deposits attractive<br />
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		<img align="" alt="" class="imgCont" height="418" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-02/25/full/1645777447-3016.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Ukraine-Russia war: 5 contra bets that can give up to 14% returns

The conflict between Ukraine and Russia took a scary turn, on Sunday, when the Russian President Vladimir Putin positioned nuclear deterrents on high alert. This drastic step was result of continued pressure from western regime to repel Russians from invading Ukraine, indicated reports. The fourth day of the war between Russia and Ukraine comprehends European and US countries mounting pressure on de-escalation. <a href="https://www.business-standard.com/article/markets/ukraine-russia-war-5-contra-bets-that-can-give-up-to-14-returns-122022800473_1.html?1646031130" target="_blank"><strong>READ MORE HERE</strong></a><br />
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Russian Ruble sinks more than 25% as fresh sanctions hit economy

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Russian ruble per US Dollar<br><br>Ten years ago: 29.3<br><br>Five years ago: 58.2<br><br>Two years ago: 66.8<br><br>One year ago: 74.2<br><br>Now: 105.1</p>&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1498166577841475585?ref_src=twsrc%5Etfw">February 28, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Marvelous Monday! Nifty 50 marches past 16,700 levels

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Commodities check: Brent crude simmers above $102 a barrel

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