On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent

Bear-market-2

<b>CLOSING BELL</b><br />
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	Benchmark indices slumped to their lowest levels in eight months as the US and European Union mulled boycotting importing oil from Russia. Consequently, fears of tighter oil and gas supplies, higher inflation and, thus, faster-than-expected rate hikes by global central banks hit investor sentiment. Brent crude futures hit their highest level since 2008, hitting the $130 per barrel-mark intra-day.</div>
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	Against these headwinds, the BSE Sensex slumped nearly 2,000 points and hit a low of 52,367 in the intra-day trade. It, however, recovered marginally on the back of buying in Bharti Airtel, HCL Tech, Infosys, ITC, and Tata Steel and ended at 52,843, down 1,491 points or 2.74 per cent.</div>
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<div>
	On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent. Both the indices are now down 15 per cent from their record high peaks touched in October last year.&nbsp;</div>
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	Apart from the four gainers on the Sensex, ONGC, Hindalco, Coal India, UPL, Cipla, ITC, NTPC, and JSW Steel were the additional gainers on the Nifty. Together these stocks were up in the range of 0.7 per cent to 13 per cent.</div>
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	On the downside, IndusInd Bank, Maruti Suzuki, Bajaj Finance, Axis Bank, Britannia, Bajaj Finserv, Tata Motors, Ultratech Cement, ICICI Bank, SBI, Hero Moto, HDFC, L&T, HUL, RIL, and HDFC Life tumbled between 3.5 and 8 per cent.&nbsp;&nbsp;</div>
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	Broader markets, too, fell in tandem with the benchmarks with the BSE MidCap and SmallCap indices closing 2.2 per cent lower each. Individually, JK Cement, Arvind Fashions, Brigade Enterprises, Indigo Paints, and IndiaMART InterMESH fell up to 11 per cent.&nbsp;</div>
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	Overall, sellers outnumbered buyers in the ratio of 34:1 with 2,601 stocks declining on the BSE as against about 857 advancing stocks.</div>
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	Sectorally, indices of rate sensitive sectors such as Auto, Realty, Bank, Financial Services fell between 4 and 5.5 per cent. The Nifty Metal index was the only gainer in this manic market as it rose 2.5 per cent.</div>
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	<strong>Global markets</strong></div>
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	European stocks tumbled on Monday after news that the US and European allies are considering a ban on Russian oil imports, posing a risk of global &quot;stagflation&quot;. The pan-European Stoxx 600 index fell 3.6 per cent in early trade, with banks plunging 7.6 per cent to lead losses while oil and gas jumped 2.3 per cent.</div>
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	On Wall Street, futures of all three main indices were down up to 2 per cent. Earlier in Asia, Nikkei plunged 3 per cent, Kospi 2.3 per cent, Hang Seng 4 per cent, Shanghai Composite 2 per cent, and ASX200 1 per cent.</div>
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Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts

Business Standard

Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts | News on Markets - Business Standard

BREAKING NEWS :: Issue with data feeds for NSE stocks, claims Zerodha

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">There is an issue with data feeds for NSE stocks from the exchange across all members. Please check 20 market depth before placing orders or place orders on BSE. <a href="https://t.co/yD1DqMYBqI">https://t.co/yD1DqMYBqI</a></p>&mdash; Zerodha (@zerodhaonline) <a href="https://twitter.com/zerodhaonline/status/1500684008992043012?ref_src=twsrc%5Etfw">March 7, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

NEWS ALERT : PM Modi to speak to Ukrainian President Zelenskyy on phone today

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		PM Narendra Modi to speak to Ukrainian President Zelenskyy on the phone today: GoI sources<br />
		<br />
		(file photos) <a href="https://t.co/PuWuCv2Fqw">pic.twitter.com/PuWuCv2Fqw</a></p>
	&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1500671225286500352?ref_src=twsrc%5Etfw">March 7, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Shriram Transport Finance slips as auto stocks crack

&gt;&gt; Separately,&nbsp;Board of Directors of the Company have declared second interim dividend of Rs.12/- per equity share of Rs.10/- each fully paid up (120%) for the Financial Year 2021-22 to those members whose name appears in the Register of Members of the Company on Monday, March 14, 2022 being the Record Date for the purpose of the payment of second interim dividend.<br />
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Dr Reddy's Labs outperforms market as it receives nod to conduct trials for Sputnik Light

&gt;&gt;&nbsp;The Subject Expert Committee on COVID-19 of the Central Drugs Standard Control Organisation on Friday recommended giving permission for conducting a phase-3 clinical trial of the single-dose COVID-19 vaccine Sputnik Light as a booster dose.<br />
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JK Cement Board approves entering into Paint business; stock falls over 5%

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BSE Oil & Gas index falls 1%; Gujarat Gas tumbles 5%

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BROADER MARKET :: Mid-, small-cap indices fall 3% each

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Sector check :: Bank, Auto indices crack 4% each; metals outperform

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Sensex Heatmap:: Tata Steel emerges as sole gainer on the 30-share pack

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&gt;&gt; Index sinks 1,400 points in early deals<br />
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SENSEX HEATMAP :: Only 2 stocks trade in the green in pre-open

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PRE-OPEN SESSION :: Nifty breaches below 16,000

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