CLOSING BELL: Metal stocks including Hindalco, Tata Steel, and JSW Steel were among the worst hit stocks on the bourses as they shed between 3.7 per cent and 5.3 per cent

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		<b>CLOSING BELL</b><br />
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			Domestic stock markets snapped their 5-day winning run as Ukraine-Russia talks reached &quot;crossroads&quot;. From here on, either there will be an agreement or Russia will go on offensive, said Ukraine&#39;s presidential advisor.</div>
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			Against this backdrop, the S&P BSE Sensex tanked sharply lower in the fag-end of the session, sinking 1,302 points from the day&#39;s high and hit a low of 55,419. The index, however, recouped some of the losses and ended at 55,777, down 709 points or 1.26 per cent.</div>
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			On the NSE, Nifty50 bounced back from the day&#39;s low of 16,555 to settle at 16,663, down 208 points or 1.23 per cent.</div>
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			Metal stocks including Hindalco, Tata Steel, and JSW Steel were among the worst hit stocks on the bourses as they shed between 3.7 per cent and 5.3 per cent. ONGC, Coal India, Tech M, Kotak Bank, Infosys, BPCL, and RIL were the other notable losers, down up to 4.7 per cent.</div>
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			On the upside, Tata Consumer Products, M&M, Shree Cement, Cipla, UPL, Maruti Suzuki, and Britannia Industries were the top gainers, up in the range of 1-3.7 per cent.</div>
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			Broader indices, though in the red, outperformed the large-cap indices. The BSE MidCap and SmallCap indices closed 0.68 per cent and 0.88 per cent loser, respectively.</div>
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			Among individual stocks, shares of <strong>Ruchi Soya Industries</strong> surged 18 per cent to Rs 1,140 on the BSE in Tuesday&#39;s intra-day trade, zooming as much as 42 per cent in the past two trading sessions after the company announced plans to launch Rs 4,300-crore follow-on public offering (FPO) next week. <a href="https://www.business-standard.com/article/markets/ruchi-soya-zooms-42-in-two-days-on-rs-4-300-cr-follow-on-public-offer-plan-122031500638_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			That apart, shares of <strong>JK Paper</strong> hit a new high of Rs 288, up 7.5 per cent on the BSE in Tuesday&#39;s intra-day trade, gaining as much as 33 per cent in the past one week on improved business outlook. <a href="https://www.business-standard.com/article/markets/jk-paper-rallies-29-hits-new-high-on-improved-business-prospects-122031500216_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			One97 Communications, the parent company of digital payments major <strong>Paytm</strong>, dropped out of the 100-most valued companies list on the BSE as the stock price of the company tanked a whopping 25 per cent in the last two trading sessions. By close, Paytm&#39;s m-cap stood at Rs 38,418 crore. <a href="https://www.business-standard.com/article/markets/paytm-sheds-20-in-2-days-drops-out-of-the-bse-top-100-market-cap-league-122031500332_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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			Among sectors, the BSE Metal index slumped over 4 per cent, followed by the BSE Oil and Gas index (down 2.7 per cent), the BSE IT index (down 2.4 per cent). On the upside, BSE Auto and FMCG indices were the only gainers, adding up to 0.4 per cent.</div>
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			<strong>Global markets</strong></div>
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			European stocks pulled back on Tuesday as global market sentiment was hit by Russia&#39;s ongoing invasion of Ukraine. The pan-European Stoxx 600 fell 1.6 per cent in early trade, with basic resources shedding 3.4 per cent. Germany&#39;s DAX and France&#39;s CAC40, meanwhile, shed 1.75 per cent and 1.8 per cent, respectively.</div>
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			On Wall Street, Dow Jones, S&P500, and Nasdaq Composite Futures fell 0.7 per cent each.</div>
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			Earlier in Asia, MSCI&#39;s broadest index of Asia-Pacific shares outside Japan fell 1.97 per cent, led by pronounced weakness in Chinese stocks. China&#39;s CSI300 slumped 4.5 per cent while Hong Kong&#39;s Hang Seng dropped 5.7 per cent.</div>
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			Japan&#39;s Nikkei was the only Asian index gainer, up 0.15 per cent.</div>
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Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit

Business Standard

Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit | News on Markets - Business Standard

European markets close in green as investors eye Russia-Ukraine talks

US markets end lower Monday, Nasdaq leads decline

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