Extending the losses for the fourth straight session, the
30-scrip BSE Sensex started on a weak note and slumped 1,966.71 points or 3.61%
to 52,367.10 during the day. It finally settled at 52,842.75, a decline of
1,491.06 points or 2.74%. Likewise, the broader NSE Nifty tanked 382.20 points
or 2.35% to close at 15,863.15.

Among sectoral indices, the metal index gained over 2%,
while bank, auto, capital goods, FMCG, PSU Bank and realty finished 2-5% down.
BSE midcap and smallcap indices shed over 2% each.

Also Read | Closing Bell: Sensex crashes 1491 points, Nifty closes at 15,863

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

Oil and Natural Gas Corporation: ONGC shares closed
13.16% higher at Rs 187 after crude oil prices surged 8% to $127.5 per barrel
on the Intercontinental exchange. Higher crude oil price means better
realization for oil exploration companies like ONGC.

Also Read | Indian Rupee falls to record low against US dollar on surging oil prices

Bharti Airtel: The stock surged 3.59% to close at Rs
677.20 after the telecom major and Axis Bank announced the launch of Airtel
Axis Bank Credit Card as part of a “strategic partnership to strengthen the
growth of India’s digital ecosystem through a range of financial solutions”.
The partnership would help widen the access to credit cards and various digital
financial offerings from Axis Bank to Airtel’s 340 million customers, said
Amitabh Chaudhary, MD and CEO of Axis Bank.

Also Read | Ukraine conflict: Crude oil hits record high since 2008, Palladium on the rise

Maruti Suzuki: The auto maker’s share price closed 6.50%
lower at Rs 6,775.95 after the Federation of Automobile Dealers Associations
(FADA) president Vinkesh Gulati said Russia and Ukraine were the major
suppliers of key components for chips, the conflict could hurt semiconductor
output. He added that it may lead to supply chain crises and halt production at
least for some time.

Also Read | Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on March 7, 2022

Hindalco Industries: The stock closed 6.31% higher at Rs
620.65 after research firm Jefferies maintained the “buy” call and raised the
target price to Rs 700 from Rs 660 per share.