Equity benchmark BSE Sensex open the trade on a higher
note and jumped 527.72 points in the morning trade to a high of 55,996.62.
However, during the afternoon trade, it gave up all its early gains and closed
at 55,102.68, down by 366.22 points of 0.66%. Likewise, the broader NSE Nifty
declined 107.90 points or 0.65% to close at 16,498.05.

Among sectoral indices, auto, capital goods and bank fell
1-2%, while FMCG and realty fell 0.5% each. However, metal, IT, oil & gas,
power indices jumped 1-2%. BSE midcap index dropped 0.6% and smallcap index
rose 0.35%.

Also Read | Closing Bell: Sensex fell 366 points, Nifty closes at 16,498

Here are the key stocks that moved most during today’s
trading session:

UPL Limited:  The
agrochemical company’s shares closed 4.47% higher at Rs 720.35 after it
announced its share buyback plan. The company will buyback around 1.26 crore
equity shares or 1.65% of the paid-up share capital for a price not more than
Rs 875 per share through the open market value.

Also Read | How to invest in US stocks via NSE IFSC

Vedanta Limited: The stock gained 2.08% to close at Rs
395.35 after the company’s board declared an interim dividend of Rs 13 per
share i.e. 1300% on the face value of Re 1 per share for the financial year
2021-22 amounting to Rs 4,832 crore. The record date for payment of the
dividend is March 10.

Also Read | Vedanta shares hit 52 weeks high on approving 3rd interim dividend for FY22

ONGC: The stock price jumped 4.60% to close at Rs 170.45
as global crude oil prices continued to spike to hit their highest level since
2014. Brent Crude oil futures surged over the $118-mark and were up nearly 3%
as the ongoing Russia-Ukraine crisis continue to escalate. Morgan Stanley
expects the commodity to rise to $125 per barrel amid the current geopolitical
scenario.

Also Read | ITC shares rise over 1% on announcing expansion plans in east India

Vodafone Idea: The share jumped 5.74% to close at Rs
11.05 as the Vodafone Idea board meeting is scheduled and consider evaluating
all proposals for raising of funds in one or more tranches. The company is
expected to raise Rs 5,500-6,000 crore with its promoter Vodafone Plc to infuse
proceeds from Indus Towers stake sale, reported CNBC-TV18.

Also Read | Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on March 3, 2022

Piramal Enterprises: The stock jumped around 3% in early
trade as CLSA upgraded its rating on shares of Piramal Enterprises to ‘buy’
from ‘outperform’ but has lowered its target price to Rs 2,800 from Rs 2,850.
However, the stock lost all its gains and closed 0.95% lower at Rs 2,061.