Stock market traded flat;JSW Steel gains 3%, Asian Paints tanks 4%

Stock market traded flat;JSW Steel gains 3%, Asian Paints tanks 4%

Ira Singh
25 July’23

The Indian equity market indices traded flat on Tuesday ahead of Federal Open Market Committee’s policy meeting beginning today.

The Sensex was down 29.07 points or 0.04 percent to close at 66,355.71, and the Nifty was up 8.30 points or 0.04 percent to close at 19,680.60.

Stocks and Sectors

Hindalco Industries, JSW Steel, Tata Steel, NTPC and UltraTech Cement were biggest gainers on Nifty,while losers included Asian Paints, ITC, Britannia Industries, IndusInd Bank and Larsen and Toubro.

On the sectoral front, metal and power indices up 2 percent each, while PSU bank, capital, FMCG and realty down 0.5-1 percent, according to sources.

BSE Midcap and Smallcap indices rose 0.3 percent each.

On 25th July’23,the Indian rupee falls 7 paise to close at 81.88 against the US dollar as elevated crude oil prices and a muted trend in domestic equities weighed on investor sentiments.

Experts Take:
Market experts have recommended five stocks to buy for Tuesday- Power Grid, IndusInd Bank, ICICI Bank, GAIL, and Oil India Limited.