Stock market snaps 3 day losing streak;L&T & RIL lead gainers

Stock market snaps 3 day losing streak;L&T & RIL lead gainers

Ira Singh
26 July’23

The Indian equity benchmark indices held steady gains in trade on Wednesday after investors braced for more policy- tightening from the Federal Reserve, even as results from some of the biggest European and American companies hinted at a softening economy.

At close, the Sensex was up 351.49 points or 0.53 percent at 66,707.20, and the Nifty was up 97.70 points or 0.50 percent at 19,778.30.

Stocks and Sectors

L&T, ITC, Britannia Industries, Reliance Industries and Sun Pharma were the biggest gainers on Nifty,while losers included Bajaj Finance, M&M, Bajaj Finserv, Tech Mahindra and Apollo Hospitals.

On the sectoral front, Capital Goods, FMCG and realty were up 1 percent each, according to sources.

The BSE Midcap and Smallcap indices ended in the green.

On 26th July’23 the Indian rupee falls 13 paise to close at 82 against the US dollar, weighed down by month-end dollar demand from importers.

Experts Take:
Market experts have recommended six stocks to buy for Wednesday- JSW Steel, Grasim, HDFC Bank, Bata India, Tata Consumer Products, and Torrent Power.