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Sensex Dives 769 Points, Nifty Settles Below 16,250; Titan, Maruti, Asian Paints Top Drags

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On BSE, the overall market breadth stood weak as 1,225 shares advanced while 2,128 declined.New Delhi: The Indian equity indices on Friday extended fall for the third straight session as the Russia-Ukraine conflict intensified.

Ukraine's state emergency service said that a fire that broke out in a building near the largest nuclear power plant in Europe during fighting between Russian and Ukrainian forces has been extinguished.

Both the domestic indices fell to their lowest in seven months, tracking a sell-off in global equities. The benchmark BSE Sensex dived 769 points or 1.40 per cent to close at 54,334; while the broader NSE Nifty moved 253 points or 1.53 per cent lower to settle at 16,245.Crude oil hit its highest in a decade this week and prices are set to post their strongest weekly gains since the middle of 2020, with the U.S.

benchmark up more than 18 per cent and Brent 13 per cent.Back home, mid- and small-cap shares finished on a negative note as Nifty Midcap 100 index fell 2.08 per cent lower and small-cap shares slipped 1.78 per cent.Most of the sector gauges -- compiled by the National Stock Exchange -- closed in the red.

Nifty Auto and Nifty Consumer Durables underperformed the index by falling as much as 3.55 per cent and 3.11 per cent, respectively.

However, Nifty IT edged 0.14 per cent higher.On the stock-specific front, Titan was the top Nifty loser as the stock cracked 5.21 per cent to Rs 2,440.20.

Maruti Suzuki India, Asian Paints, Hero MotoCorp and Tata Motors were also among the laggards.On BSE, the overall market breadth stood weak as 1,225 shares advanced while 2,128 declined.On the 30-share BSE index, Titan, Maruti, Asian Paints, M-M, Hindustan Unilever, Axis Bank and Bajaj Finance were among the top losers.In contrast, ITC, Dr Reddy's, Tech Mahindra, UltraTech Cement, Sun Pharma, Wipro, Infosys and HCL Tech finished in the green.




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