CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment

Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine

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	<strong>CLOSING BELL</strong></div>
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	<strong>Stock market highlights:</strong> Fag-end buying in FMCG and select bank stocks, coupled with reports of proposals to halt Ukraine war, lifted benchmark indices sharply off lows, helping them recoup more than half of their intra-day losses. The S&P BSE Sensex fell 361 points, or 0.62 per cent, to end at 57,629 levels on Monday, while the Nifty50 settled below the 17,000-mark at 16,988, lower by 112 points or 0.65 per cent. The indices rebounded from their intra-day lows of 57,085, and 16,828, respectively.</div>
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	However, for better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment. Despite Swiss giant, UBS, agreeing to but Credit Suisse for over $3 billion, investors remained averse of risky assets. Moreover, a drop in crude oil prices (Brent is now hovering around $70 per barrel), also failed to soothe investors&#39; nerves.<br />
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	<strong>ALSO READ:<a href="https://www.business-standard.com/article/markets/sensex-crashes-over-900-points-top-5-factors-behind-monday-s-market-rout-123032000559_1.html" target="_blank">&nbsp;Top 5 factors behind Monday&#39;s market rout</a></strong></div>
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	The pain was deeper in the broader market with the BSE MidCap and SmallCap indices sliding 1 per cent each. Volatility index, India VIX, too surged 8 per cent today.&nbsp;</div>
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	Meanwhile, the broad-based selling hurt metal and PSU banks the most with their respective indices on the NSE dropping over 2 per cent, and 1.7 per cent, respectively. The Nifty FMCG index was the only gainer, up 0.8 per cent.</div>
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	<strong>Gainers & losers</strong></div>
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	Adani nterprises, Bajaj Finserv, Hindalco, Bajaj Finance, Tata Steel, Wipro, Tata Motors, SBI, Adani Ports, IndusInd Bank, Tech M, HCL Tech, Maruti Suzuki, Reliance, L&T, Infosys, Power Grid, HDFC Bank, HDFC Life, UPL, and Apollo Hospitals declined in the range of 1 per cent and 4 per cent.&nbsp;</div>
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	On the upside, HUL, BPCL, ITC, Nestle India, Grasim, Titan, Divis Lab, Kotak Bank, Axis bank, ICICI Bank, SBI Life, and Sun Pharma were the only large-cap gainers, gaining up to 2.6 per cent.</div>
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	<strong>&#39;Drop in oil prices temporary&#39;</strong></div>
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	The 10 per cent fall in crude oil prices in the last 7 days &ndash; from $80.6 per barrel (Brent oil) on March 13 to $72.4 now &ndash; is likely to be temporary, believe analysts, who expect them to bounce back once the banking sector crisis in the US and Europe is fully contained.<a href="https://www.business-standard.com/article/markets/banking-crisis-triggers-oil-price-fall-temporary-phenomenon-say-analysts-123032000305_1.html" target="_blank"><strong> READ MORE</strong></a></div>

Business Standard

Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine | News on Markets - Business Standard

Global markets :: APAC shares remain tepid as investors assess CS buyout details

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US index futures, meanwhile, suggest stable start on Monday as UBS agrees to bail out Credit Suisse

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Global markets :: Wall Street cracks on Friday as banking crisis spooked investors

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Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows

Max Financial, Mphasis, Emami, HDFC AMC, Pfizer, Network18, Godrej Agrovet, Laurus Labs and Motilal Oswal Financial were among 34 stocks from the S&amp;P BSE 500 index hit their respective 52-week lows. <a href="https://www.business-standard.com/article/markets/reliance-wipro-jubilant-foodworks-crompton-greaves-hit-52-week-lows-123032000426_1.html?1679296468" target="_blank"><strong>READ MORE</strong></a><br />
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Shipping Corporation gains 2%; fixes March 31 as record date for demerger

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Tata Consumer slips 2% on withdrawal of plans to buy Bisleri

The company said no definitive agreement or binding commitment has been signed on this matter. <a href="https://www.business-standard.com/article/markets/tata-consumer-dips-2-after-withdrawing-plans-to-acquire-bisleri-123032000348_1.html?1679293890" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex 30 Heatmap:: 5 Gainers v/s 25 Losers

CLOSING BELL:: S&P BSE Sensex ends 361 points lower at 57,629

BREAKING :: Russia, China discuss proposals to halt Ukraine conflict

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">PUTIN, XI TO DISCUSS BEIJING PROPOSALS TO HALT UKRAINE CONFLICT: KREMLIN<a href="https://twitter.com/hashtag/BREAKING?src=hash&amp;ref_src=twsrc%5Etfw">#BREAKING</a></p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1637751180888506370?ref_src=twsrc%5Etfw">March 20, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Adani Green trades firm in weak market; stock zooms 94% in 13 days

On March 2, 2023, GQG Partners, a leading US based Global Equity investment boutique, purchased 55.6 million equity shares of AGEL for Rs 2,806 crore at price of Rs 504.60 per share. <a href="https://www.business-standard.com/article/markets/adani-green-trades-firm-in-weak-market-stock-zoomed-94-in-13-days-123032000655_1.html?1679304539" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex crashes over 900 points: Top 5 factors behind Monday's market rout

Analysts attribute fallout in domestic equities due to investors&#39; fear of a domino effect after the collapse of big financial institutions in the US, and Europe. <a href="https://www.business-standard.com/article/markets/sensex-crashes-over-900-points-top-5-factors-behind-monday-s-market-rout-123032000559_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Credit Suisse shares crash 63% even as UBS announces bail out; UBS shares sink 13%

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BSE 500:: Caplin Point, Aarti Drugs, Route Mobile among top gainers

Caplin Point Lab up 6.3 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Aarti Drugs, MAS Financial Services, Route Mobile and Cochin Shipyard, up 4 - 5 per cent each. <a href="https://www.business-standard.com/stocks/market-statistics/bse/top-gainers?indices=21552" target="_blank"><strong>VIEW MORE</strong></a><br />
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	Max Financial, Mphasis, Emami, HDFC AMC, Pfizer, Network18, Godrej Agrovet, Laurus Labs and Motilal Oswal Financial were among 34 stocks from the S&amp;P BSE 500 index hit their respective 52-week lows. <a href="https://www.business-standard.com/article/markets/reliance-wipro-jubilant-foodworks-  crompton-greaves-hit-52-week-lows-123032000426_1.html?1679296468" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Gold hits Rs 60,000/10 gm on MCX

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Tata Consumer dips 2% after withdrawing plans to acquire Bisleri

Shares of Tata Consumer Products (TCPL) dipped 2 per cent to Rs 693.05 on the BSE in Monday&rsquo;s intra-day trade after the Tata Group company ceased negotiations with Bisleri for a potential acquisition. <a href="https://www.business-standard.com/article/markets/tata-consumer-dips-2-after-withdrawing-plans-to-acquire-bisleri-123032000348_1.html?1679293350" target="_blank"><strong>READ</strong></a><br />
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3 Adani group stocks out of ASM, Should you be bullish?

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		Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles. <a href="https://www.business-standard.com/article/markets/3-adani-group-stocks-out-of-asm-should-you-be-bullish-123032000345_1.html?1679293350" target="_blank"><strong>READ</strong></a></div>
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Banking crisis triggers oil price fall; temporary phenomenon, say analysts

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	The 10 per cent fall in crude oil prices in the last 7 days &ndash; from $80.6 per barrel (Brent oil) on March 13 to $72.4 now &ndash; is likely to be temporary, believe analysts, who expect them to bounce back once the banking sector crisis in the US and Europe is fully contained. <a href="https://www.business-standard.com/article/markets/banking-crisis-triggers-oil-price-fall-temporary-phenomenon-say-analysts-123032000305_1.html" target="_blank"><strong>READ</strong></a></div>
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Sunflag Iron up 15% in two days on acquiring 11.89% stake in Lloyds Metals

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Will the markets regain lost glory in March despite volatility?

Historically, March has been a volatile month for the Indian equity markets. For starters, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds, both domestic and foreign. Retail investors, too, prefer to &#39;cash-in&#39; on their gains and losses before the financial year runs out. <a href="https://www.business-standard.com/article/markets/will-the-markets-regain-lost-glory-in-march-despite-volatility-123032000117_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Broader markets :: MidCap index trails benchmarks, SmallCap index down 0.5%

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Sectoral check :: Broad-based selling engulfs Street; IT, Metal indices fall over 1% each

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Sensex Heatmap :: All 30 stocks in red; IndusInd Bank, TCS, Tata Motors top laggards

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Opening Bell :: Nifty starts below 17,000, only 6 stocks in green

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Opening Bell :: Sensex drops nearly 400 pts

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ALERT :: NSE facing issues with order placement

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">NSE INDIA IS FACING ISSUES WITH REGARDS ORDER PLACEMENT: TRADERS<a href="https://twitter.com/hashtag/breaking?src=hash&amp;ref_src=twsrc%5Etfw">#breaking</a> <a href="https://twitter.com/NSEIndia?ref_src=twsrc%5Etfw">@NSEIndia</a></p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1637661153143685121?ref_src=twsrc%5Etfw">March 20, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Rupee Opening :: INR starts higher vs USD

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WATCH :: What does Jim Rogers think of the global banking crisis?

UBS-Credit Suisse deal :: What's in it for shareholders?

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The one big winner and many losers of UBS's Credit Suisse rescue deal

<strong>The winner:&nbsp;Ralph Hamers</strong><br />
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UBS&rsquo;s chief executive officer will see the bank&rsquo;s wealth and asset management invested assets soar to about $5 trillion and got a special waiver to keep Credit Suisse&rsquo;s profitable Swiss unit that many analysts said was worth more than triple what UBS paid for the whole firm. <a href="https://www.business-standard.com/article/international/the-one-big-winner-and-many-losers-of-ubs-s-credit-suisse-rescue-deal-123032000082_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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UBS agrees to buy Credit Suisse for more than $2 billion

The Swiss National Bank has agreed to offer a $100 billion liquidity line to UBS as part of the deal, according to the Financial Times, which reported the agreement first. Swiss authorities are poised to change the country&rsquo;s laws to bypass a shareholder vote, the paper reported, citing people close to the matter. <a href="https://www.business-standard.com/article/international/ubs-offers-to-buy-credit-suisse-for-up-to-1-billion-says-report-123031900644_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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