CLOSING BELL: Ukrainian President Volodymyr Zelenskyy's reported statement that his country has cooled down on the question of a NATO membership calmed investor nerves

Market LIVE: Sensex up 1200pts; Nifty atop 16300; RIL, Asian Paints gain 5%

stock market, bse, markets, market, bull, bull market

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	<b>CLOSING BELL</b><br />
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		Frontline indices climbed for a second straight day on Wednesday, rising over 2 per cent, even as Ukraine-Russia conflict showed no signs of ebbing, and the US and European Union announcing fresh sanctions on Russia and Belarus.</div>
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		However, Ukrainian President Volodymyr Zelenskyy&#39;s reported statement that his country has cooled down on the question of a NATO membership calmed investor nerves. <a href="https://www.business-standard.com/article/international/russia-ukraine-war-zelenskyy-says-no-longer-interested-in-nato-membership-122030801616_1.html" target="_blank"><strong>READ HERE</strong></a></div>
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		Against this backdrop, the BSE Sensex index leaped 1,223 points, or 2.3 per cent, to settle at 54,647 today. On the NSE, the Nifty50 closed at 16,345 levels, up 332 points or 2 per cent. The benchmarks had hit intra-day highs of 54,894 and 16,418, respectively.</div>
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	<strong>ALSO READ: <a href="https://www.business-standard.com/article/markets/bulls-charge-sensex-soars-over-1-000-points-3-factors-fueling-the-rally-122030900627_1.html" target="_blank">Key factors that fuelled the rally today</a></strong><br />
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		Both these indices were lifted by Asian Paints, Reliance Industries, and Bajaj Finance as these shares zoomed between 5 per cent and 6 per cent. That apart, IndusInd Bank, M&M, Bajaj Finserv, Tata Motors, Adani Ports, HDFC Bank, Maruti Suzuki, Ultratech Cement, and Tech M were other winners on the bourses, up in the range of 3-4 per cent.</div>
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		On the downside, Shree Cement, ONGC, Power Grid, NTPC, Coal India, and Tata Steel fell over 1 per cent each as profit booking in commodity-linked stocks extended into second day.</div>
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		In the broader markets, the BSE MidCap and SmallCap indices added over 2 per cent each. Overall, over 2,600 stocks ended in the green on the BSE as against less than 700 declining stocks.<br />
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		<strong>ALSO READ:<a href="https://www.business-standard.com/article/markets/goldman-sachs-sees-gold-prices-hitting-2-500-oz-by-year-end-122030900328_1.html" target="_blank">&nbsp;Goldman Sachs sees gold prices hitting $2,500/oz by year-end</a></strong></div>
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		Sectorally, the Nifty Metal index was the sole loser was a second straight day, down 0.4 per cent. The gainers, meanwhile, were the Nifty Realty and Auto indices, up 3 per cent each; the Nifty Bank, Financial Services, Private Bank and PSB indices, up 2 per cent each; and the Nifty IT and Pharma indices, up 1 per cent.<br />
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		<strong>Global markets</strong><br />
		European markets were sharply higher on Wednesday as investors continued to monitor surging commodity prices and the ongoing war in Ukraine.<br />
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		The pan-European Stoxx 600 jumped 3.2 per cent by mid-morning, with travel and leisure stocks adding 5.4 per cent to lead gains as almost all sectors and major bourses entered positive territory. Oil and gas stocks fell 1.5 per cent.<br />
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		On Wall Street, Nasdaq Futures were up over 2 per cent, while Dow Jones and S&P500 Futures added 1.5 per cent and 1.7 per cent, respectively.<br />
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		Asian indices, however, nursed losses today. Japan&#39;s Nikkei slipped 0.3 per cent, South Korea&#39;s Kospi and China&#39;s Shanghai Composite shed over 1 per cent each, and Hong Kong&#39;s Hang Seng dipped 0.7 per cent.</div>
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Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5%

Business Standard

Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5% | News on Markets - Business Standard

Opening Bell: Sensex opens higher by over 100 points

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Pre-open Session: All 30 BSE Sensex stocks swim in green

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Pre-open Session: Over 300 points upmove in Sensex

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Pre-open Session: Nifty 50 in green, above 16,000 levels

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Stocks on radar on Wednesday: MTNL, Sun Pharma, Airlines, Adani Ports, Bharat Forge

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	MTNL is in focus as the Centre is considering relaxing some norms that led to the failure in attracting bids for assets of BSNL and MTNL as they look to restart the auction for their non-core assets. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-mtnl-sun-pharma-airlines-adani-ports-bharat-forge-122030900147_1.html?1646792687" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Indian economy, market, stocks, investors, investments, FDI, FPI, foreign portfolio investors" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/18/full/1624033692-0825.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Indian economy, market, stocks, investors, investments, FDI, FPI, foreign portfolio investors" width="620" />
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			Illustration: Binay Sinha</div>
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Positional trend on Nifty is bearish, resistance at 16,200: HDFC Securities

Short-term resistance for the Nifty is seen at its 5-days EMA, which is currently placed at 16,204. <a href="https://www.business-standard.com/article/markets/positional-trend-on-nifty-is-bearish-resistance-at-16-200-hdfc-securities-122030900159_1.html?1646794395" target="_blank"><strong>Read here</strong></a><br />
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	<img align="" alt="markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/01/full/1614541329-3408.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain" width="620" /></div>
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ALERT : US turns to Venezuela to ease oil supply deficit

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	<p dir="ltr" lang="en">
		BIDEN ADMINISTRATION HAS ASKED VENEZUELA TO SUPPLY PART OF ITS OIL TO WASHINGTON AS A CONDITION FOR EASING SANCTIONS ON CARACAS - RTRS</p>
	&mdash; First Squawk (@FirstSquawk) <a href="https://twitter.com/FirstSquawk/status/1501387518649896960?ref_src=twsrc%5Etfw">March 9, 2022</a></blockquote>
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Domestic investors (DIIs) buy Rs 6,490 crores of equities on Tuesday

Foreign institutional investors pull out Rs 8142.6 crores of shares on Tuesday

This was the highest sell value since February 26 this year.&nbsp;
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	<img align="" alt="FIIs pull out $2 bn this year, highest since 2008" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-02/09/full/1455036168-0514.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="FIIs pull out $2 bn this year, highest since 2008" width="620" /></div>

SGX Nifty futures extend fall; Nifty 50 may open with a 100-points cut

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	<img align="left" alt="chart" class="imgCont" height="155" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646795733-7151.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="367" />
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		Source: investing.com</div>
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Rupee strengthens a bit against dollar on Tuesday

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	<img align="left" alt="chart" class="imgCont" height="245" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646795562-7358.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="525" />
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		source: bloomberg</div>
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Gold continues to outshine: Rises above 2,060/oz mark

source: yahoo.com<br />
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	<img align="left" alt="chart" class="imgCont" height="113" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646795126-6903.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="327" />
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Oil on unabated climb: Brent Crude past $131/barrel, up 3%

Brent crude had settled 3.9 per cent higher at $127.98 a barrel on Tuesday.&nbsp;<br />
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	<img align="left" alt="chart" class="imgCont" height="154" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646794822-8049.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="315" />
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		Source: oilprice.com</div>
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US stock futures managing to hold marginal gains

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	<img align="left" alt="chart" class="imgCont" height="84" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646794631-2134.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="518" />
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		Source: Yahoo.com</div>
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Asian indices trade mixed, investors monitor Russian oil ban impact

Markets in South Korea are closed on Wednesday due to the country&rsquo;s presidential election.<br />
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	<img align="left" alt="chart" class="imgCont" height="133" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/09/full/1646794410-0495.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="445" />
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		Source: Yahoo.com</div>
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