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Heavy selling in the market continued into the March 7 session. In the commodity market, oil prices hit a 13-year high amid fears that the United States and its allies could impose sanctions on Russia's oil and natural gas.
Similarly, the wide-based National Stock Exchange Nifty fell by 382 points, or 2.35 per cent, to close at 15,863 on Monday.
Shares of Wall Street continued to fall following Russia's attack on Ukraine amid growing concerns that rising commodity prices could slow the economy.
The Dow Jones Industrial Average fell 2.4 percent to close at 32,817.38, a loss of about 800 points. The S&P 500 was down 3.0 percent at 4,201.09, while the tech-savvy Nasdaq Composite was down 3.6 percent at 12,830.96.
Rupee hits US dollar against dollar in 2008 The dollar plunged to a lifetime low of 77 against the dollar.
Shares of Asia-Pacific continued to decline on Tuesday. In Japan, the Nikkei 225 was down 0.14% while the Topix index was down 0.41%. South Korea's Kospi fell 0.33 percent.
Trends in the SGX Nifty are down by 74 points, indicating a negative opening for the Indian index. Nifty futures are trading at around 15,769 on the Singapore Exchange.
According to pivot charts, the Nifty's major support level is at 15,735 and then at 15,607. If the index moves upwards, the main resistance levels to watch out for are 15,968 and 16,073.
Stocks In News;
NLC India has announced an interim dividend of Rs 1.50 per equity share for the financial year 2021-22.
Metal stocks: Global metal prices rose on the back of a surge in oil prices.
L&T: Infrastructure major Larsen & Toubro has launched its own B2B e-commerce platform, L & T-SuFin, which sells industrial products.
Hero MotoCorp strengthens partnership with Delhi Police, donating 215 scooters on the occasion of International Women's Day
Natco Pharma launches Revlimid generic in US Became the first collaborator to release a generic Revlimid with 180 days of exclusivity in the US.
Metro brands: The company has approved an interim dividend of Rs 1.50 per equity share with a face value of Rs 5 for the financial year 2022. The record date for finding shareholders' eligibility to pay interim dividends is set for March 19.
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