Stock market highlights: Stock market traded flat amid mixed global cues;IT index major drag

Stock market traded flat amid mixed global cues;IT index major drag

Ira Singh
6 June’23

The Indian equity indices ended on a flat note on Tuesday,amid hopes of a rate hike pause by the U.S. Federal Reserve and Reserve Bank of India heading into their policy meetings.

At close, the Sensex was up 5.41 points or 0.01 percent at 62,792.88, and the Nifty was up 5.15 points or 0.03 percent at 18,599.

Stocks and Sectors

UltraTech Cement, Divis Laboratories, Kotak Mahindra Bank, Grasim Industries and Axis Bank were among the top gainers on the Nifty, while losers included Tech Mahindra, Infosys, TCS, ONGC and Wipro, according to sources.

On sectoral front,auto and realty gained 1 percent, while the information technology index shed 1.5 percent, according to sources.

The BSE midcap index rose 0.3 percent and smallcap index added 0.5 percent.

The Indian rupee on June 6 ended marginally higher against the US dollar, tracking gains in its Asian peers ahead of key RBI policy. The Indian rupee closed at 82.61 against the US dollar, up 0.09 percent from its previous close.

Experts Take:
Market experts have recommended six stocks to buy for Tuesday- IndusInd Bank, Dabur, Sun Pharma, Tata Steel, Balkrishna Industries and Bata India.