Stock market ends marginally higher;Adani stocks gain, ZEEL tumbles

Ira Singh
Khabar Khabaron Ki,09 Jan’24

The Indian equity benchmark indices ended marginally higher on Tuesday led by profit booking in the last hour,ahead of the earnings season kickoff and weakness in the Asian market kept investors on their toes.At close, the Sensex was up 30.99 points or 0.04 percent at 71,386.21, and the Nifty was up 31.85 points or 0.15 percent at 21,544.85. About 1984 shares advanced, 1330 shares declined, and 71 shares unchanged.

Stocks and Sectors
Hero MotoCorp, Adani Ports, SBI Life Insurance, Apollo Hospitals and Adani Enterprises were the top gainers on the Nifty, while losers included Nestle India, Britannia Industries, Asian Paints, Bajaj Finserv and HDFC Bank.

On the sectoral front, except bank and FMCG, all other indices ended in the green with auto,healthcare, capital goods, metal, power and realty up 0.5-2.5 percent each.BSE Midcap index ended flat, while Smallcap index up 0.3 percent.

On 09 Jan’24,the Indian rupee ended little changed on Tuesday after dollar demand from state-run banks ate into the local unit’s early gains in light of a proposal to include eligible Indian bonds in the Bloomberg Emerging Market Local Currency Index.The rupee ended at 83.1150 against the U.S. dollar, barely changed compared to its close at 83.1375 in the previous session.

Experts Take:
Market experts have recommended six stocks to buy or sell on Tuesday — HCL Tech, Sundaram Finance, Paytm, Bank of India, Shriram Finance, Astral