Stock market highlights: Market indices flap 2 day gains; Nifty below 18,300, Sensex falls 413 points.

Market indices flap 2 day gains; Nifty below 18,300, Sensex falls 413 points.

Ira Singh
16 May’23

The Indian equity indices fell marginally on Tuesday, as a slide in financials, nearly offsetting the optimism from favourable domestic inflation and persistent foreign institutional buying in equities.

At close, the Sensex was down 413.24 points or 0.66% at 61,932.47, and the Nifty was down 112.35 points or 0.61% at 18,286.50, according to reliable sources.

Stocks and sectors

HDFC, Tata Motors, M&M, HDFC Bank and Apollo Hospitals were top losers, while gainers were BPCL, ONGC, Coal India, Bajaj Finance and NTPC.

On sectoral front,Auto index down 1 percent, and healthcare, infra, bank, metal indices down 0.3-0.4 percent, while PSU Bank index up 0.7 percent, according to sources.

BSE midcap and smallcap indices ended with marginal gains.

On 16th May’23,the Indian rupee closed 9 paise higher at 82.21 against the US dollar.

Experts Take:
Market experts have recommended six stocks to buy Tuesday —Tech Mahindra, SAIL, IGL, GNFC, Escorts and KPIT Technologies.