Closing Bell: Sensex, Nifty end lower in a volatile trading session
Domestic equity bourses Sensex and Nifty finished a volatile session lower, as gains in IT and oil & gas shares were erased by losses in financial and auto stocks.
Indian markets are bearing the brunt of global turmoil as geopolitical uncertainty continued to keep investors nervous one week after Russia invaded Ukraine.
Headline indices ended lower with Nifty below 16500 in the highly volatile trade dragged by the auto and financial names. During today's trade, the Sensex fell as much as 1,065 points from the day's highest level and the Nifty 50 index touched an intraday low of 16,442 after hitting a high of 16,769.
At the closing bell on March 3, the Sensex was down 366.22 points or 0.66% at 55,102.68, and the Nifty was down 108 points or 0.65% at 16,498. On the market breadth, around 1963 shares have advanced, 1279 shares declined, and 116 shares are unchanged.
Top Nifty losers of the day include UltraTech Cement, Asian Paints, HDFC Life, Shree Cements and Eicher Motors. Top gainers were ONGC, UPL, Power Grid Corp, Wipro and Tech Mahindra. UltraTech Cement was the top Nifty drag, the stock fell 7% to close at Rs 5,970.
On the sectoral basis, auto, capital goods and bank fell 1-2%, while FMCG and realty indices were down 0.5% each. However, metal, IT, oil & gas, power indices rose 1-2%. In the broad market, the BSE midcap index shed 0.6% and smallcap index rose 0.35%.
According to a news report by Reuters, Russian troops are in the southern Ukrainian city of Kherson and forced their way into the council building, the mayor said after a day of conflicting claims over whether Moscow had made the first major gain of a city in its eight-day-long invasion.
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