Stock market snaps 5 day winning streak;BSE marketcap crosses Rs 300 lakh crore.

Stock market snaps 5 day winning streak;BSE marketcap crosses Rs 300 lakh crore.

Ira Singh
5 July’23

The Indian equity benchmark indices snapped 5 day winning streak on Wednesday, amid weak Asian markets followed by mixed global cues.

At close, the Sensex was down 33.01 points or 0.05 percent at 65,446.04, and the Nifty was up 9.50 points or 0.05 percent at 19,398.50.

While the BSE Sensex ended on a negative note, the market capitalization of BSE-listed companies crossed the Rs 300 lakh crore mark for the first time ever, according to sources.

Stocks and Sectors

Bajaj Auto, Divis Laboratories, Hero MotoCorp, Maruti Suzuki and HDFC Life were biggest gainers on Nifty, while losers included Eicher Motors, HDFC, HDFC Bank, Tata Consumer Products and UPL.

On the sectoral front ,Auto, FMCG, PSU Bank and Oil & Gas are up 1 percent each, while some selling is seen in the banking names, according to sources.

The BSE midcap and smallcap indices rose 0.7 percent each.

On 5th July’23 the Indian rupee depreciates 20 paise to close at 82.23 against the US dollar,amid rising crude oil prices, a strong greenback and weak trend in domestic equities.

Experts Take:
Market experts have recommended following stocks for intraday trading for Wednesday-Colgate, Wipro, Tata Steel, Cipla and others.