Exit of foreign funds: Sensex jumped 389 points to 56247

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Global market turmoil ahead of talks to end Ukraine-Russia war

(Gujarat News Correspondent) MUMBAI: As the two countries prepare for peace talks amid a fierce war between Russia and Ukraine, Russia's currency, the ruble, has plummeted against the US dollar ahead of the talks, with Russia's economy crumbling and the economy weakening. Amid the turmoil in global markets, the Indian stock market also witnessed a major upheaval today. Crude oil prices rose again, with Brent rising ૯૭ 4.5 to close at ૨ 103.50 and Nymex rising ૫ 2.15 to ૭૪ 4.5. The US dollar had gained five paise to Rs 4.5 against the rupee. Foreign portfolio investors (FPIs) continued to exit today, with FIIs continuing to sell heavily in Indian stocks. While local institutional investors were constantly buying local funds. Indian stock markets will be closed on Tuesday, March 1, 2072 on the occasion of Mahashivaratri.

Sensex rebounded 4 points after a sharp recovery after an initial 108-point crash.

Funds, experts were quick to buy in selected stocks with massive short covering after the initial crash today. Reliance Industries, led by Larsen & Toubro, today slashed heavyweight stocks, led by a sharp rise in steel and metal-based stocks, amid speculation that banking-finance stocks eased cautious gains amid fears that sanctions on Russian banks would hit India as well as Europe and US sanctions. The BSE benchmark Sensex, which was led by IT, Power-Capital Goods stocks as well as consumer durables stocks and oil and gas stocks, rose by an initial 104 points to end up 3.6 points at 3.6 and the Nifty spot at an initial rate of 203 points at the beginning of the day. Points jumped and closed at 12.30.

Metal index jumps 104 points: Hindalco rises by Rs 20, Tata Steel by Rs 5, Jindal by Rs 3, Vedanta by Rs 15

Amid expectations of a large increase in demand from India for global metals in the wake of the Ukraine-Russia war and reports that India will continue to be an advantage, funds in metal-mining stocks made aggressive gains today. The BSE Metal Index jumped 106.01 points to close at 206.9. Hindalco jumped Rs 2.50 to Rs 2.50, Tata Steel rose Rs 2.50 to Rs 120.50, Jindal Steel rose Rs 3 to Rs 2.50, Sail rose Rs 4.5 to Rs 5. Vedanta rose by Rs 13.5 to Rs 20.5, JSW Steel by Rs 4.5 to Rs 2.50, Coal India by Rs 2.50 to Rs 12.5, APL Apollo by Rs 13.5 NMDC was up by Rs 2.50 and Rs 19.15 was up by Rs 19.15.

Among IT stocks, Newgen rose by Rs 4, Zensar by Rs 15, Tanla by Rs 31, L&T Infotech by Rs 151 and MindTree by Rs 21.

Even in IT-software services and technology stocks, the BSE IT index jumped 3.6 points to close at 203.8, with funds valuing the stock with short covering. Newgen Software increased by Rs. 2.5 to Rs. 206.15, Zensar Technology increased by Rs. 18.5 to Rs. 5, Tanla Platform increased by Rs. MindTree increased by Rs 31.5 to Rs 5, Emphasis increased by Rs 4.5 to Rs 31116.5, Saskan Technology increased by Rs 19.50 to Rs 31.50, Infosys increased by Rs 2.50 to Rs. .1512.50, persistent system increased by Rs. 31.5 to Rs. 3.10, TCS increased by Rs. 2.5 to Rs.

Investors' asset-market capitalization rises by Rs 2.5 lakh crore in a single day to Rs 2.5 lakh crore

Index-based Sensex, Nifty, small, mid-cap stocks valued in some stocks after initial rally .

Crude oil at ૩ 103: Reliance rises by Rs 5 to Rs 5: Gail, Petronet, BPCL, HPCL rise

International crude oil prices rose by ૪ 4.5 to ૨ 103.50 a barrel and Nymex crude rose by ૭૩ 4.5 to ૩૨ 2.8 a barrel amid fears of a global war on crude supply as Ukraine-Russia war rages. However, despite this negative factor, oil and gas stocks rose amid speculation that the supply crunch in India would not be significant. Aside from the crude factor, Reliance Industries' acquisition of Future Retail's business led to a rise of Rs 3.15 to Rs 2.10. Petronet LNG rose by Rs 11.15 to Rs 318.50, BPCL by Rs 13.5 to Rs 4.5, HPCL by Rs 2.50 to Rs 4.5, IOC by Rs 2.50 to Rs 115 .90, ONGC rose by Rs. 1.50 to Rs. 120.50, Adani Total Gas rose by Rs. The BSE Oil-Gas Index rose by 316.6 points to close at 1912.8.

Titan jumps Rs 5 to Rs 5: Amber Enterprises jumps Rs 5 to Rs 5: Blue Star, CG consumer rises

Shares of consumer durables companies were the favorites. Amber Enterprises surged Rs 21.5 to Rs 2.50, Titan Company rose by Rs 4.5 to Rs 4.5, CG Consumer rose by Rs 19.05 to Rs 4.5, Havells India rose by Rs 19.15. Bajaj Electricals rose by Rs 13.5 to Rs 114.15, Blue Star by Rs 19.50 to Rs 1061.5.

Funds in small, mid-cap, cash stocks, valued buying increased

Market breadth continued to be positive today as the Sensex, Nifty-based initial rebound, followed by a tumultuous rise in funds, players' small, mid-cap, cash stocks in anticipation of a quick end to the Ukraine-Russia war. Out of the total 8 scrips-shares traded on the BSE, the number of gainers today was 203 and the number of declines was 1913.

Net sale of Rs 3 crore shares in FPI / FII cash: Net purchase of Rs 316 crore shares in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today saw a net sale of Rs 2.5 crore in cash. A total of Rs 13,8.17 crore was sold against a total purchase of Rs 2,8.5 crore, while DII-domestic institutional investors made a net purchase of Rs 412.5 crore in cash today. A total of Rs 2.81 crore was sold against a total purchase of Rs 216.5 crore.

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